We don't know the numbers on this deal, your goals, how much of the upstairs rent will cover the mortgage, and what those numbers might look like with a renovated unit upstairs.I'm not a huge fan of displacing people if you can make it work while retaining them.

Each taking out on average 48k over over initial investment while retaining positive cash flow.

It is their only way to retain customers since they don't do a good job of being property managers so they have to rely on these shady tactics. 

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

See the following (and there are tons more online):https://www.justia.com/real-estate/landlord-tenant/informati...Considering that adults do absorb 11% of lead paint (children have much higher risk) and you now know it is present, it is worth curing to preserve your property valuation and attract/retain quality tenants. 

Drylock is a thick latex based paint that retains moisture.

Coil.Glass tops don't retain the beautiful shine they start out with due to stains, scratches and liquids spilling under the glass.Beauty is fleeting.

Hello,Two tenants of mine, one who moved out in November 2020 and another that is in the process of being evicted, each owe $1.7K+ in balances due to unpaid rent, utilities, and damages caused to the property, even after I retain their entire security deposits.

This could help you retain even more of your capital.All the best!

Budgetwise - a good agency will want a $2k - $3K monthly retainer plus you'll need a few grand monthly for ad spend​ for Google Ads. ​