There are extensive resources out there so I won't talk your ear off with recommendations, but at the end of the day, business is a person-oriented endeavor.

Pretty interesting topic as they are clearly different views about the protection of an LLC in this instance.  

For instance, you need a capital repair that costs $10,000.

I do have a fairly extensive background related to personal finance with teaching Personal Finance and previously having a career as a Financial Advisor, but as for REI I am hoping to make my first multi-family unit purchase in the next 6 months.  

I currently have a tenant who's probably in the top 1% of earners in his age group--he has a six figure salary and could easily qualify for a mortgage--I asked him why he was renting from me, and he said "the market's too hot right now--I don't want to pay $700k for a house that I think is only worth $400k"And as others have mentioned, there are many reasons why some tenants might prefer to rent a single fam home over a multifam property, and these issues are often market-specific...Having said all that, there are definitely advantages to multifam properties (they tend to cashflow better, for instance)...everything comes with pros and cons...At the end of the day, it all comes down to whether the numbers make sense--which is why it's critical to know how to analyze properties & markets.Good luck out there!

You can take it all out and put it in a storage locker, for instance, or a garage.

For instance, I'm very doubtful that pex will have a longer service life than copper plumbing.

For instance, here a buyer has 10 days to complete a property inspection and terminate without penalty. 

"Rental apartments typically employ 12-month leases, perhaps with monthly lease extensions after the first year, implying that rents can be adjusted annually, if not monthly; self-storage facilities typically have similarly short lease terms.

For instance, if your property requires a repair such as HVAC or plumbing issues, these can quickly add up and become costly.