If you experience adversity (disability, loss of job, divorce, etc.) it's way easier to weasel out of a rental than a mortgage.

I want to cut my losses early by switching PM.RE: Fees- They charge a flat $75 fee per door- which may be great for those who are pulling in $1,000+ from their rental, but for my $500-a-month one-bedroom apartments, that's 15%!

It's vital you leverage from experienced investors to mitigate your own headaches/financial loss. 

If it is too much of a loss, check the ID rules (you can check my blog on here if you're not familiar) and ID as many properties as you can within those limitations so you still have a chance to go check them out and worst case, you buy one and use some of your money to defer tax and take boot on the rest, or worst case, none are good deals, you lose the 1031, but better to at least ID a bunch and give it a shot.

See the below analysis;PP - 210k, DP - 42k, CC - $2500, Apprailsal - $500, Rehab - 15k, ARV - 250k Rent UP - $1250, Rent Down - $850, Garage - $300 (blended for 6mth lease) = $28800 - $2500 (2 months for loss of upstairs reno)  = $26300/yearExpenses - VAC - $170, Util - $220, Ins - $200, Prop Tx - $150, Repair - $200, Tenant Gifts - $25 = $11580/year + Mortgage ($706.61/mth) $8480/year = 20020CF              = $6280PA (3%)     = $7500PR              = $3520AA                = $25000Total            = $42300 ROI = $42300/$60000 = 71%Were hoping to have a $1250 upstairs rent for the new tenant and have them pay 60% of the utilities.

The first lien is a community bank so a note sale here is a loss for them as they likely made the loan.  

Then you only have to worry about taxes when you sell it or when you no longer have depreciation.Since everyone assumes the ability to show a net loss on rental properties, it's not really worth digging into Total ROI to determine if a property deal is good or not.Vacation rentals are still fine as long as you only personally use it no more than 14 days of the year.

I may end up doing RUBS but in case I want to sell units individually, I thought I would ask if it's feasible or cost-prohibitive. 

Hello all,I have recently become a landlord and was approached by one of the tenants who was asking whether it would be feasible to pay rent through venmo as they had done previously.

Specifically heat and water for a triplex in lower Westchester, NY.Additionally, as I had mentioned before, my idea behind purchasing a duplex rather than a triplex is that my major goal was to constantly have 2 of the 3 units always rented and allow the loss of one unit to count for my annual vacancy rate.