You've got potential issues with noisy neighbors near you and flooding risks from units above you.

They decided to sell and wanted $50,000 more than comparable units.

Personally, I like the all-in-one units but they are expensive and poorly suited for larger units where it will take forever to get a load of laundry done (since you can't move the clothes from the washer to the dryer).

I just don't see me sifting through leases and figuring out move in/out dates as a good use of my time.Perhaps I will just send an email to each PM requesting the current vacancy rate,  and their associated units along with the rest of my monthly reports.Thanks to anyone that wants to share their experience in this tracking.Cheers.

The unit is located in Indiana.

The supply of new units is overwhelming and demand is just not there.

You then file the annual report each year and continue to fork over another $500 annually.Next "cheapest" will be legal zoom or a similar service, I believe they'll help roll the registration with the state into the start up package.I use "cheapest" in quotes - the primary purpose of an LLC is typically to provide some level of asset protection. 

Once you get to five units, the loan structure changes (it becomes a commercial loan), and you won't be able to qualify with your collective income.A fourplex means no rental income because your group needs four units, right?

I am getting ready to close on my first property - it's a duplex located in the Pilsen neighborhood of Chicago, and I will be renting out the first floor unit and occupying the second floor unit myself.

Househacking is essentially renting out rooms to folks to offset your mortgage, this can also be done in Multifamly with other units in whatever you decide to buy.