If so, self-managing properties might not be the best use of your time - In any case, I'd encourage you to talk to multiple local property management companies, keep the above in mind, and understand how they approach management.In my experience, property management isn’t just about finding the right tenant or collecting rent—especially in a tenant-friendly state like Rhode Island.

Comparing workload, a multi-unit property will still require showings, maintenance etc for multiple units.

This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.

But having multiple banks working the deal I had one pull through for me.

After a few months you figure out that your team has not really engaged your property on a regular basis.

Ummmmmmm...I've lived in California since 1990 and own multiple investment properties there.

Typically, the same applies to LLCs where you and your spouse are sole members (single or multiple member LLC).

I would love to benefit from the savings of grouping the listings as a primary with add-ons, but the last time I tried that, there were multiple issues on their end.

I have done it multiple times and always suggest it as the best way to start.

Engaging in finding renters for clients on rental properties normally isn't worth a realtor's time.