Often, when an Underwriter is unsure on a new account with claims I will let them know what the owner has done to prevent the loss re-occurring. 

Anything that would be a reoccurring charge that proves you have a good history of paying what is required of you.

It will be difficult in the beginning but once you set up a system (ie deposit rents on a separate bank account, set up autopay on bills from the same account or separate credit card, etc) should be easier since most transactions are re-occurring.

Also, tenants treat MFRs more like an apartment than a home so you will often have a reoccurring vacancy.In SFRs, tenants have to pay for all of these items and they feel more at home and are likely to stay longer.Try looking at: Single Family vs.

Request the tenants leave, flip to 3 bedroom, and rent to new tenants at $986If I convert from  2 BR to a 3 BR, I've calculated a payback period of 2.3 years... here's the high-level of how I came to that number:Annual Opportunity Cost:3 BR vs 2 BR Rent = $2,790My Time (expect less needy tenants) = $1,183TOTAL OPPT COST= $3,973 <-- This is a favorable numberCost to get unit ready as 3 BRTotal to flip = $7,551 (includes paint, new floors, converting basement to bedroom, etc)  2 Months lost rent = $1,510 TOTAL UPFRONT COSTS $9,061 <-- This is an unfavorable numberPayback Period =  $9,061 / $3,973 = 2.3 years (Note if I'm conservative in my nubers, this becomes 3 years)Couple more things to note, they're set up on re-occurring payments and have not missed a payment.

The Effective Management Fee is the actual percentage you pay of your rental income each month to the management company once you factor in all the reoccurring fees you are charged for the year.

(pay someone to fix it one time without it reoccuring)

It automatically generates monthly rental invoices, reoccurring bills like sewer bills, and has great reporting functions.Going even further I got set up on IPN (Intuit Payment Network) and now I email my rent invoices to my tenants and they can click a link, and pay me online, I then just click to receive the payment and everything is recorded instantly.There is a learning curve to some extent.

Or, in active denial about dealing with a house that has perhaps been a reoccurring problem.

The one reoccurring theme on the articles I come across is that they are picking up single-family properties.