And the investor is making money off of their property, while they break even, and keep the financial responsibility. 

Establishing an LLC to protect your assets is a good idea.  

I bought a house with a fourplex on the property and we closed on the house (mortgage separation) and we owner financed the fourplex with a subject to clause until we could get the fourplex financial-able.  

Where do you recommend finding some of those options locally (or does it matter if not local) and how to vet them without much financial experience? 

Although it's been working out very well financially, I've come to the realization that I can't continue this way  something has got to give and it's becoming apparent what's giving is my sanity.  

There are lots of smaller details too - thermostats for example - that I omitted to try to hit on the biggest cost factors.It is a doable project, the difficult decision is whether it is financially feasible to do it.

Hello BP community.I'm looking to start my first investment and I'm looking at investing in a multi family unit to get started to help financially by allowing the investment to pay for my rent.

See this article:https://www.forbes.com/sites/janetnovack/2013/03/26/how-real-estate-investors-can-protect-themselves-from-the-irs/Have you read Tax Free Wealth by Tom Wheelright?

Liability risk is high, insurance coverage will be an issue, you will get sued if there is a drowning and a waver will be of zero protection.

One thing I learned about working with seniors as a financial advisor is that they like income, but don't like headaches which could be a reason they're looking to move on.