With the S-corp you pay yourself a salary of $X a year, and the rest stays with the S-corp.The problem with the S-corp is it is very burdensome with regard to reporting and other regulations.

Here are the options I'm currently booting around while I wait to close.1. sign all tenants who are currently under a month to month with a 3 month lease to let all my funds and the "new owner" feeling settle in with the tenantsa. update common areas like the halls, stairs, paint etc which will give "reason" to the upcoming rent raisesb. at the end of the 3 months raise the rents on those who need it most in hopes of either they leave or if they stay they're paying at least close to avg rents for the area if not the equivalent of the avg rents.c. as they move out update, raise the rents for the next tenants.2. 

Stay with it and look to other's on here for encouragement.Do your research, make education a priority, set the right goals and it will all be worthwhile.

The person who the owner hired as the manager is staying in one of the garden apartment and the other garden apartment is rented for $600/month. 

It shouldn't have surprised me when he didn't pay for this month but for some reason it did.

Personally, I would never Airbnb our entire house while gone.2 big reasons for thatFirst, the people that stay in your house when they are renting your a room (and not the whole house) tend to be a LOT more respectful than people that KNOW you aren't there.

I've been trying to remove these people for a long time now. The constable served them finally and we have court on the 25th.

The lease expires in July, with so many tenant rights and the judge tends to be more on th...

You are doing great, stay the course.

You will be pleasantly surprised at the difference of having your tenants all in one place. 

Single family seems to be easy to rent out and I feel like people are more likely to stay longer in single family than apartment.