Jumping into an OOS 8-unit can be risky.

Commercial & Multifamily (there is 1-4 units and there is 100 + units and everything in between.)

Each unit has it's own water heater tank currently

I didn't start renting until May but another owner in my association had his unit rented every weekend in January!

If you have 10 units, it is $12,000 expense per year which is a downpayment for a small house.

These recent sales are the COMPS for the 15-unit apartment.The 6.4CAP is what the market (i.e. potential investors) uses to value properties similar to the 15-unit apartment (NOT the 5.3 or 6.6, again they are irrelevant).

We know we would have done better having the units as LTRs, but we like having the STRs.  

@Nicholas RoserI don't know the Dallas area, but if it's anything like Denver or Colorado Springs, then multi-units can be tough to find for house hacking. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Bergen County NJ.