Stay on top of your PM though.  

Rooms tend to have MUCH less wear and tear on the entire unit because people tend to stay in their rooms.Vacancies will vary.

@Rusha Jayasuriya You shouldn't stay away from the property just because of foundation issue.

Thank you, I will stay east of Calhoun St. as a rule of thumb for now unless something shifts. 

Couple that with the money you spent to get to that point maybe it's less than you expected at the end.Now you could do a 1031, reduce some of those costs and taxes but again that assumes you can find something as the replacement.Or maybe you find something that cash flows and goes up 5% yr or stays flat....

My recommendation is to not even have this as an option, rent to unrelated third parties and stay out of trouble. 

Purchased a 4-Unit in Delray Beach, FL last July with HM (Lending On- they have been excellent)  $520K pp w/25% down- gut rehab with my own cash- now a weekly vaca rental/short term stay lux compound (www.lavidadelray.com). 

Stay on top of how they are doing with your income and expenses and know what you expect.I am a little concerned about California and what i see on television. 

Does that usually stay the same?

I've already told my tenant a new lease will becoming if they choose to stay.