Plus, managing an LLC adds complexity, requiring adherence to state regulations and additional paperwork.

Definitely get the estoppel letters and copies of existing leases.Apartment complexes change hands frequently (if judging by the "under new management" is any indication) and I can assure you they don't kick everyone out and start from scratch.

The great thing about renting out your other units or rooms is that you also get to have a place to live at a lower cost that is actually yours and you will also gain experience on how to manage tenants and what to look for when they apply. 

**Additional Tips**: Any other advice or experiences from those who have successfully managed medium-term rentals would be invaluable.I want to ensure that my contract is clear, fair, and legally sound.

Our building is fully occupied and none of the current tenants want to be the onsite manager. 

I have worked as a construction manager and most recently I am building a software for the construction industry and I can help with some recommendations. 

Over the last 2 years that I've managed a short-term rental in northern San Antonio, I have experienced many small contractors that get so easily triggered, offended, and upset at me and my wife. 

Our efficient project management ensured the renovations were completed on time and within budget.

Hey Scott, working as a property manager in multifamily with tax credit and conventional units, we have many cases where people have other sources of income, whether alimony, social security, etc.

For a property of this profile they will require fairly extensive documentable property investment and management experience.