I have one for an individual triplex, have an option on another empty lot, and own 3 contiguous properties with multiple lots that can be split or combined for up to a 75 unit/6 story building and in between so it's a tactic of mine to have projects in the queue and be able to hold/do something in a year or two once I clear past the capital gains timing. 

With tax rates set to rise for both Corporations and high earning individuals, now is the time to do strategic tax planning for the next few years.

.) -- you'll have a much better chance of approval as an individual for a residential mortgage (anything up to a quadruplex). 

As many experts in the field have said, it often takes the work and corporation of a number of different individuals working together for a deal to be successful.

@Jack CallinanBe mindful that owning a house-hack with more than one person(who is not a spouse) does add a lot of complexities to your return.First, since it is owned as tenants in common by two individuals that are non-spouses, you would each need to report the activity on your return.2nd, it is a house-hack - House hacking makes your tax situation more complex.You purchased a property that is treated as both an investment property and a personal residence.

As many experts in the field have said, it often takes the work and corporation of a number of different individuals working together for a deal to be successful.

You should definitely charge those in case the individual shows up to pay what they owe.

Probably no worse than renting to RE agents.A good lease states whether security deposit is to be returned as a check to one tenant, or sent individually to each tenant.This case is also a lesson in sticking by policies and not doing tenants "favors" like allowing them to break leases without consequence.

When you’ve identified individual properties that you’re considering...run the address through niche.com for valuable insight and local info.

I don't like word-of-mouth referrals because the individual shows up to apply and usually doesn't know that we're planning to increase rent or make other changes that didn't apply to the previous tenant.