Get him out of your unit.

I have assisted many investors with their Little Rock purchases. 

-If you have a single family home with a guest unit, you are likely going to sell at a higher price to an end user.

The offering would be at 490 units at $1000 unit which allows 49% to be sold to have the preceding benefits to remain in place.

Ideally, I would like to buy a 2-4 unit, but I'm not closed off to a single family and renting out the rooms.Any advice would be greatly appreciated!

I am new to the world of real estate investing and want to one day own properties and rent units out.

Quote from @Michael Lam: Hi All, I'm an out of state investor looking to start a rental portfolio in the Cleveland area for small multi families (2-8 units).

I have one bizz partner I sold a 100 unit apartment to 18 years ago for 5 mil and he paid cash..

Both flat and percentage base charge usually a 1 month fee to lease out the unit. 

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.