I won't presume that they shouldn't have done this, but will state that in most jurisdictions with rental licensing laws thats a big no-no.To answer your questions generally (not specific to Colwyn Darby, PA because I am not licensed there):1) Generally the county will not allow evictions or rent collection actions if a unit is being rented without a licenses.

You can then go from say a single family home and buy a duplex, fourplex or even a 10 unit deal in a market like KC.

I've previously done all less than 4 units where I got residential mortgages at much lower rates that cash flowed well on 15 year. 

I'd pay the loan payments with the proceeds if my STR cash flow isn't enough to cover it but just until I can sell each of the units next year. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

PM should set up owner authorization so that when a unit is vacant that utility bills go to the PM to pay.

However I'd change that panel.

I am looking at a 4 unit multifamily property in McHenry, Illinois.

We have done about 18 units out of 36 along with the outside and are currently working on the pool area and landscaping.

I have been under property management for one of my units for the past two years, and planned to self manage at the end of our contract term.