You could also house hack and do MTR by buying a duplex and live in one of the units and MTR the other unit. 

When I buy properties with way under market tenants, I have a "bad news bear" letter that I send out which introduces us, explains the current situation and tells tenants what the current market rates are, and for tenants not under leases, when and how much the rent will increase.

@Cody JournellI guarantee you in the net five years, you'll look back and see this post as you are buying 50 units plus.

Investment Info:Single-family residence buy & hold investment in Houston.

I would like to get some insights from those of you who've been through buying a tenanted property.

(options to buy down into the 6s but I don't see many people opting to do that). 

Looking for input in this 4 unit building that I’m looking to buy in east Garfield Park, are there here anyone with properties in this location.

Beside the “subject to” that’s recently become the subject of much debate we utilized  ”no interest short term owner financing”, the “2nd mortgage crank”, substitution of collateral, mortgage subordination, wrap loans, real estate “exchange” (not for tax reasons), sale - lease back, guaranteed rent payments, sale - buy back, land offered in lieu of down payment, zero coupon bonds as substitution of collateral, and a few others that escape my memory.  

Where are you buying.

I am also looking to start buying residential properties to manage for myself.