Currently 4 of the 6 units were rented out at significantly lower rate ($425; 2x$525; $550) than the market's.  

Choose your property wisely - Multi-unit properties like triplexes and fourplexes offer potential economies of scale and income diversification.

In fact, 5-unit and up multi-families are off at least 20% locally and with a lot of distress.

But, for instance, I toured a couple 12/13 unit properties about a month or so ago.  

The plan is to owner occupy a unit and rent the other unit.

I have one unit that always pays but a couple in the other unit paid once and are now 3 months behind.

This room is usedsolely as a hotel, motel, inn, or similar establishment and isn’t a dwelling unit."

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

You always gotta start from somewhere.For myself it was buying apartment units and investing myself.

However, I'd Ideally like to find a multi-unit and operate both strategies