Using the "Sort by" on the right side and hit the down arrow to see the methods to sort by.Some of you will not use Sparefoot (against it in principle, stop reading) and some don't need to use Sparefoot (your already full, stop reading).For those of you that have a New location or low occupancy levels, your losing extra cash, now.  

Its a lot more common for a 3rd party to develop and sign a lease, once the tenant takes occupancy, the developer sells it.

Unless OP is committing mortgage fraud (specifically, occupancy fraud), numbers 1 through 3 will not work. 4 could work, except OP specifically said "seller financing is not an option."

This strategy has many advantages--one of the big advantages being you can use an owner occupant mortgage with excellent terms and a minimal downpayment.Good luck out there!

The ultimate goal is to net some positive cash flow despite needing relatively strong occupancy rates for it to happen.

Another option is to split the cost based on the number of occupants in each unit but this also means you'll need to adjust the charges as tenants move in/out, so it requires more work and I wouldn't recommend it.

Don't lump all the costs together, ask for specific expense rates, occupancy, maintenance, move out costs, etc.

We will be looking into the multifamily space (owner occupant), preferably 3-4 units with the possibility of a basement unit as well.

If you plan to finance it, the plan I just described doesn't make much sense to me--because you would have to buy the property with an investment loan, which has much worse terms than an owner occupant mortgage...since you plan to move into the property eventually anyway, it would make more sense to buy it with an owner occupant mortgage and just move in immediately...If you're worried about the timing with your current lease, and you don't want to have holding costs of the new property while you continue to rent, I'd say that you can probably eliminate this problem by working out an early lease termination with your current landlord...what is the early vacate fee in your current lease?

Hi Chris,A good PM will be highly communicative as well as offer some insights into how successful they've been in collecting rent, maintaining occupancy, and keeping vendor bills under budget.