Groovy @Stephanie Medina good luck and keep us posted on your progress.These sorts of things are problems that no one really things about when buying a property and it is something that should be in their mind.

Full credit/background check:  Look for missed payments, and any theft is always a no go.2.)

No matter the number of units, there is one roof, one property tax bill, one sewer line, one gardener bill, etc. 3.

No, refinancing isn’t an option because of how we purchased the property.

There are no municipal-level rental restrictions. 

I almost never get calls, most people send a message via Vrbo or Airbnb if needed, but it it much more common for them to just instant book with no questions.

With no appreciation, you will have less than 40% LTV and with modest appreciation you will have less than 30% LTV.  

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

I'm not a CPA, no legal advice given.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.