Honestly, I would be out of this game without the monthly, positive reinforcement of cashflow.

@Shawn Couch @Jason Dante @Alvin Uy @Robert Comstock and everyone else - Thanks for the reinforcement!

37 units, 5 story, no basement, flat roof, has the 1980's required retrofits that connect the floor/ceiling joists to the metal plates on the outside along with the other reinforcement beams on the inside of the walls and the parapets reinforced with large angle irons on the roof, has several cripple walls in the roof space, and a few windows at the front lobby bricked up.

This is all reinforced poured concrete construction, with embedded DWW (drains).

People constantly ask me in my personal life why I'm not in it already and reinforce that I would be great at it, but it honestly scares me to death in the same regard. 

I’ll echo to reinforce the previous posts that house hacking is great, duplexes are great, lots of options.

For income, I'd do this even at the cost of having to reinforce the garage walls and/or foundation;  3rd build a new 2 story multi-unit structure for yourselves behind the existing garage so as to maximize rental income from the extra unit(s).  

Refinished the hardwood floors upstairs and downstairs, installed groutable vinyl tile in first floor kitchen and shared hallway, new cabinets, faucet, sink, and stove in first floor kitchen, repainted entire interior, reinforced upstairs porch, replaced some support joists for upstairs porch, painted both porch floors, built new upstairs porch railing, installed new vanity, medicine cabinet, and toilet in first floor bathroom.

For the larger audience, I can't reinforce enough that the inspection is a must!

Separating the meter is something I will be looking into.We plan on renovating the basement since it needs a good remodel to be able to rent it out at top value and we're hoping it will appraise more than $378,000 at that point since there will be more upgrades throughout the house (we're updating the electrical, plumbing, reinforcing the basement walls, adding an egress window, adding support to the roof, updating the small kitchenette, bathroom, and cosmetics of basement).