OMG, am i about to discover kegs of wine is actually a thing? 

@Milton Carrillo changing the building from a two family to a three family would be considered a “change of use” which would trigger new construction standards, which are sprinklers.

I’ve only had about 20 mortgages but I’ve never had a ppp and I’ve never gotten a better deal from  commercial or bundle loans than were offered with a standard investment property loan.

Therefore I would have more cash but less access to equity and also wouldn't have my portion of the rental income.Locally, 1bed/1baths rent for $1800-$2200, 3bed 1 bath for $2500-3000 these rates are pretty standard right now based on my comps and what I know about the area.The house also has a 3rd mother-in-law unit that I would plan to live in while renting out the other two units.If sold it would be unlikely that I would be able to buy in this neighborhood or close neighborhoods for a while.

@Steve Camp, we have used Resman and Realpage.From your description, it sounds like more of a process issue.Regardless of which PM/accounting software you use, it is just a tool that depends on the underlying business process.Either software should be able to use a standard or customized CoA (Chart of Accounts).How many units are you trying to manage?

I assume they have to have some minimum standards around real estate to prevent obvious tax theft.

I've been trying to figure out if this is pretty standard. 

My insurer requires my tenants have their own insurance.This happened three more times before the actual reason was discovered.

Every bank has different lending standards.

By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style propertiesMy understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both?