You have to love antiques, be willing to deal with their eccentricities and be willing to put up with lack of some key conveniences like a garage and A/C. 

Residential machines are about 1/2 the capital outlay; the tenant pays their own operating costs (electricity, hot water and, more frequently, water itself); we can charge higher rent for the convenience of en-suite laundry; and if the machines are abused, we know who is responsible.

The reason is that it seems to be slightly more convenient and has an app.

So, it is not so convenient to anything, because of all the rush hour traffic down there.

The area I'm looking to buy in is very convenient to downtown and 4-5 hospitals along with several small "satellite" hospitals and specialists.

, The reason I am inclining to start the house hacking with a brand new fourplex is that of course feels more convenient but I am not sure if it is most profitable. 

In this radio interview, best-selling author Tom Corley outlines a few of the differences between the habits of the rich and the poor:1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble.2. 80% of wealthy are focused on accomplishing some single goal.

What you are paying for is the convenience of your property manager saying "get it done" which equals less hassle but more money.

It would have been good to have someone on site to provide a bit more quality control.Overall, I wouldn’t shy away from doing it if you have good tenants in place.Beware that if you plan to use the foreign earned income exclusion, you will need to watch how many days you spend in the US and may not be able to come back at your convenience if there is an issue.

Please let me know your thoughts at your convenience.