If the 16 unit complex is cash flowing the same as the 16 units comprised of quads, but the 16 unit apartment complex is half the cost, it sounds like the half cost option is far better. 

The rehab costs are anywhere from $60k-$80k.

@Mark SvendsenI would have given them to the buyer of the home at no cost.

Maybe that is why the general rule of thumb is MTRs are 1.5 times the cost of LTRs

Anyone looking to connect, chat and see how we can help each other's business I'd love to meet up!

-Administrative Burden: Managing substantial services may require more administrative work and potentially higher costs in terms of time and resources.Some investors do use creative strategies to maximize tax benefits, but this particular approach of converting long-term rentals into an active business reported on Schedule C while providing substantial services is less common.

LOL I ran a profitable construction business for 3 years so I have project management experience.I have worked in the insurance industry in the past so I'm considering going that route.I want to really focus in Real Estate so I'm also considering getting my license so that way I can work in the same industry I'll be investing in.I also have over 12 years of customer service and banking experience. 

Purchase price: $309,000 Cash invested: $30,000 Sale price: $454,000 Full live in remodel including out buildings and dock - Built a hobby farm/hosting business too.

It's a tenant and this is what they do.They likely changed their address directly with the business they use rather than the post office that would expose them and where they went.I wanted to know if there were any other methods of finding them.

So I'll go out there and find some cash buyer looking for rental :)Thank you, Mitch, you helped me a lot and taught me a few new things in the real estate business!