I had a similar idea last year and discussed it with a RE attorney in Texas.

Have you investigated full roof replacement to seal it completely and gain a warranty on the roof for a few years to eliminate leak concerns? 

After doing this for 15+ years, almost all of our properties are paid off. 

You are asking the classic question in the MTR space: how does one evaluate what could be a good MTR.Unfortunately, MTRs are at a point similar to where STRs where 10-12 years ago, and there really isn't a one stop shop source for great data.

The current document you probably want to look at is this:https://www.irs.gov/publications/p925#en_US_2023_publink1000...Generally, the passive activity loss for the tax year isn’t allowed.

There is a full time caretaker hired for 35K a year.

The average DOM for 2-4 family properties in Nassau this year is about 70 days.

I will be looking at purchasing a multifamily turn-key and living in one of the units for a year.

About 3 - 4 years ago, I turned my passion for real estate into a career and last year started my own Property Management company.

My question is the old POS report that expired was valid for one year.