Since it is likely not profit efficient for you to hire a bookkeeper.

I’m also curious about energy efficiency rebates and things of that sort since this will be a full rehab with new mechanicals.

Lower expenses, more efficiencies of scale, more opportunities to add value.The key is to start the wheels moving before taking the leap.

I've learned firsthand that even 90 minutes away can create a barrier to efficient management. 

Much more efficient then calling them.

Try to be as efficient as possible during your screening process -- this may mean that you need to include certain questions to gauge whether or not an applicant raises any red flags for you. 

Hi Luís,Congrats in finding a deal.My suggestion (without knowing the details of your finances, so take it with a grain of salt) is to start an LLC and run your portfolio cashflow through it.It will qualify you for business loans and even allow you to use the PME guaranteed lines of credit.Furthermore, it will probably more tax efficient to run your properties that way.Regards, Rui 

I was advised at the time that this was sufficient that if anybody ever complained about its being used as such (triplex rental property) this would be enough that any court would sustain the current use regardless of zoning or if it had been continuously occupied or not.If the property has 3 electric meters or other improvements that likely had permits in order to be converted for use as a triplex, then regardless of whether it had continued occupancy or not it might be OK.That said,  I am no land use attorney and you should probably ignore me and talk to one of them.I guess the other question is what constitutes 'high environmental standard' - high efficiency heating, plumbing and electrical is comparatively easy in many cases.   

More doors under one roof will run more efficiently, so you shouldn’t use this to compare an 8plex to a 40unit property..

@Terry Garrett I believe purchasing cash and financing on the back end is the most efficient way but not necessary if you do not have the wherewithal.