When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

I just don't think the squeeze is worth the juice.

I'm not sure if it was just that we planted the seed but the timing wasn't right at first?

The fourplex looks like it going to cash flow much sooner but the duplex appreciate more?

I am pleased with the results so far. 

It is a very easy process, and the city is very helpful.

Quote from @Gio Kattan: I would check with a local realtor that are doing deals in this area and local PMs in the area that deal with STRs to give you the answer on that! 

Just the actual cash value   You may want to find a good broker in your area that works with real estate investors.

Use the search function for this one. 

And at the end of the day, paying taxes means you made money, so that's awesome!