Some years it is passive, some years it is a soul sucking grind, even with PM in place. 

Grind out the W2 with security and lendability = drains my soulSKIP THE FIRST PARAGRAPH IF YOU'RE ON A TIME CRUNCH.3 SFRs, self managing rent-by-room strategy, tutoring in the evenings, side hustle on weekends, on top of full-time W2 and managing house hack renovations (working ~70+ hours weekly).

Should I wait until they leave (dont know when they will move out) or offer them reduced rent for a few months etc due to the noise of construction and now having to share the area with another renter, am I even allowed to do this?

If its continuous . . is it possible to grind down the whole thing, then attach a separate part in its place?  

I'm starting to implement it now and just going to consistently grind until things start to happen. =) 

At 59 years young perfect for our retirement from the grind.

Cons = more wear and tear, noise, have to pay cleaners, more work and communication (more risk overall), somewhat seasonal in ChicagoLongterm = Pros = Longer-term stability, less work, less communication, known return. 

No issues at all with paying rent, tenants responsive overall, no issues, no noise concerns.

Sometimes my wife is a little bit unhappy house hacking because she will hear the tenant making noise or coughing or something and she did not experience my 24 years in the B&B so is not used to this!

Unfortunately there were lots of problems with noise complaints.