Are you just trying to reduce your living expenses now or do you eventually want to move out and rent both units and buy more properties? 

Like I mentioned before, my income got reduced because I no longer receive those distributions and the likelihood of the large capital loss has increased dramatically.

Don't despair, it's all part of doing business in Detroit, where it's not a question of "if" your property will get broken into, it's a question of "when".So, your goals should be:1) Reduce the potential of a breakin2) Reduce the potential cost of damagesSounds like you're living in the home, or will be shortly.

It sounds like it's reducing the cost of those expenses from their actual value down to the tax that would be paid on the associated revenue.

Just having cameras will likely reduce issues even if they are the cheapo models.

I self manage and target properties in B class areas which reduces my hassles with tenants.My portfolio is currently all SFR because multi family opportunities have not come up as and if they do the numbers make it less attractive than an SFR.

Usually your real estate agent who scope out the type of seller and listing agent is representing this listing and will devise a strategy for you to make an offer on this little house that will appeal the goals of that seller.Some ideas might be:- short or no inspection contingencies upon your first offer- limited/short contingenies or no contingencies for appraisal- shortened financing contingency period to appeal to seller- perhaps seller is older and needs time to move out, then a lease back allowing the seller up to 60 days to move out might help- offering higher EMD or earnest money deposit or partialy hard deposit day 1 like 10,000 EMD with 2500 hard day 1 (hard meaning non refundable day 1)- obviously there is going in with a higher price as swell- use of escalation clauses are popular in the pacific northwest west and alot of agents who are in areas with out escalation clauses dont use these often but basically you agree to page a preset amount above the next highest offer till you win up to XXX,XXX price.

I find participating in likeminded groups reduces my learning curve and accelerates revenue generation. 

You have full buy out and partial buy out to remove or reduce the monthly PMI.Some lender allow you to opt for a higher rate and that will offer a lender credit to also buy out the PMI. 

If you add automation, documented/organized processes, and virtual assistants, you can help reduce the workload quite a bit.Mike