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

Should I follow this rule when investing in real estate.Recently bought a 550k house with an attached ADU unit thats projected to bring in atleast $1500 monthly income if it has a renter.

Last night after work I had to fix a water heater on one property, a water line leak under a sink at another property, and work on an HVAC unit at a third property.

I do quarterly inspections of the units and other inspections of the property.

Special bonus if it's a landline number.I have my eye on 25 units in duplexes, quads and a 7-plex (my favorite size) owned personally (not in entities) by 5 different people now all over the age of 70. 

Background info: A tornado came through about a year ago and tore up the carports for a rental property of mine in Iowa (I own one unit in the 12-plex).While the carports have been rebuilt, the HOA's building insurance is coming up for annual renewal with a VERY steep price tag.

All of that *can* be a tough recipe for a DSCR loan at max LTV (75-80% LTV).We even had one major national private lender bail completely on their 5-9 Unit Multifamily product as of this week.

I am looking to purchase a 10 unit apartment. 

Seek guidance from end-users/landlord upon DIY water submetering for triplex unit.

HI Erias,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.