One common distressed seller I've been finding are landlord-managed multifamily properties that have a commercial side and residential side in C/C- areas.At first glance, they have good cash flow... but they come with a tangled mess of existing tenants who pay way less than market value and usually have a longer term lease on the commercial side, meaning you'll have to sink in a lot of time and energy to maximize their profit.It seems like it could be a good niche to go after if you know how to maximize the cash flow OR it could just be a massive headache and money sink if approached the wrong way. 

I’m in the Syracuse ny area and multi family properties are pretty common here.  

I am NOLA native so unfortunately, I am all too familiar with the storms and insurance issues.

May or may not be a CPA or EA, most likely they are seasonal, most likely you'll never talk to them again if you have an issue, you'll get someone else, most likely you will receive minimal to no advice on any kind of strategy, and definitely no follow up.If you are getting good service from a knowledgeable professional, $1,200 is likely a good deal. 

Buyer to confirm all information is common standard.

 - the issue is not the poor return on this RE (the return has been great), but that if you had purchased something in same appreciation market, you would have done better

Is there a specific issue that you are working on?

This is the 3rd issue that he asked to repair since he moved in on  January 1, 2024.

Also, were there any unexpected problems or issues you wish you could have avoided?

But if you decide one day that you want to reduce down to 2 roommates having a floor plan with a separate entrance or something with a separate living room that you can minimize common spaces you may be able to live with that arangement more comfortably for longer.