@Karan Rekhi this is all i do. i only rent by the room. anyone that tells you it’s not worth doing is wrong. be careful about town ordinances. the town i am in only allows 4 unrelated people per unit.as far as finding people, i do all of that although your incentive idea isn’t terrible. i have all multifamily and i basically position tenants together that will fit well. also, sometimes females will be uncomfortable living with males. for the most part, if you can get like minded people together you will be fine.yes, depending on your class of people, you will get some drama. do your homework on your tenants and vet them well and always talk to the previous landlord. happy to help you here. just let me know why other questions you have. you will have growing pains with this strategy but once you get the hang of it, it will be very valuable.

The only problem is now it is painfully hard to listen to audio books at 1x.

My longterm goals are buy and hold multifamily rentals and commercial areas where I'd like to run physical therapy clinics (current PTA) with reduced expenses.I'm currently driving for dollars and will be pushing some online marketing soon.

Maybe he'll turn up here when they stop paying rent 🙂Otherwise, simply becoming a pain in the a** and complaining about any violations you see to him, the HOA, code enforcement, the cops and anybody else that comes to mind can have an effect (although it may also just cause them to hate you).

Purchase price: $562,000 Cash invested: $100 Sale price: $585,000 Contributors: Brandon Turner The longest and most painful deal I have done by a long shot!

Partnerships not following these reasons are doomed to fail...or be more painful than a kidney stone.1)  Your Partner(s) must do something you can't do.2)  Your Partner(s) must do something you don't want to do. 

Low equity properties can be a pain. 

House does not not need any repair except the Inerior paining and Floor finsshing on hardwood floor.On top of the Rents ($900+$400) i am considering that i will save $600 off my current rent ..so total comes around $1900/month ..Also do you know any thing abou this neighborhood (Bustleton NE Philadelphi PA).

I also had to move to a different state for work and that particular state did not have any branches there so it was a huge pain to have to transfer everything over to a new bank.

In PA you still get to defer the federal capital gains taxes via 1031 exchange, and as @David Krulac mentioned the PA state income tax rate is not crazy high - so the 1031 exchange is still a viable strategy if your gains are significant.You will need to also pay attention with bookkeeping due to having paid PA capital gains vs having deferred federal capital gains - not too painful as long as you are aware of this from the outset.