That person is responsible for anyone one else that comes into contact with your property.I suggest using a service like Mayistay.

What I personally do is I will hire a local Civil engineer who has done subdivisions in the jurisdiction and I will pay them up front for a detailed feasibility study.

2x House Hacker here in Los Angeles and a case study in the BP book, The House Hacking Strategy.1.

When you have studied your market properly you should be able to provide the answer of if single family or residential multifamily is better for cash flow. 1% rule was for a time when almost all deals were decent as a way to rule out the lessor deals and concentrate on the best deals.

Lots of us are happy to offer suggestions but I think we need to understand your situation better.All the best!

Agree with others that you will probably need to lower the rent - suggest 5% every 2-4 weeks until activity picks up. 

I would suggest a major metropolitan city. 

My suggestion is to find some real estate industry surveys (via CBRE or others) and look for the MF cap rates in various cities/states/regions.

Your feedback has given me clarity and your suggestions offered once implemented will mitigate some risks.I'm waiting on the rent roll and supporting documents for further analysis.

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.