The single hardest part of dipping (in my opinion) is finding a deal.

Make sure you talk to a lawyer and don't take advice from some yahoo on the internet ;)Obviously the answer is always "it depends," but here are a few factors to consider:Is this a disregarded entity (or put a different way, is this a single-party LLC, i.e., just you or you and your spouse)?

However, most of our leads have been smaller complexes, duplexes, and single-family homes.

I'm an investor w 2 properties in New York,  Hudson Valley, Orange county looking at moderate expansion and investments in single/multi family houses.

My concern is I already have 1 property townhouse being rented out and another property single family home that I'm ready to close on at the end of the month.

so you'r son is a real estate investor from 1 day, nice ;)thanks, i'm definitely trying to do just that, regarding multi family, i am keeping all my options open, i think i would like to start with a single family house, to get to know the business, since i'm not from around here i also have a lot of logistics to handle on top the of the rental. as it said, i'm really keeping my head open. so open that currently on the table is investing in multiple countries not just the us :D

:) That would’ve been perfect if I were single, but we have a newborn so I wouldn’t feel comfortable with having a roommate and sharing common areas with someone else at this time.  

I work quite a bit more than most since I'm single and I am able.

Not every single thing you do in life has to have a financial payoff - just enough things such that, on balance, you come out ahead :)

If you don't care how it looks you could put it in conduit and surface mount the conduit and paint it to match the wall color.I would get someone to tackle this immediately and communicate with your tenants so they know you are working on the problem.I would make sure your heat is handled first if this is affected.Then work on any other 240VAC circuits such as dryers, stoves and hot water heaters if applicable.Then get the lights last.I would try and do this without moving tenants out.I just had a 2 story house rewired and it took a week but they worked around the one guy that was living there and he was very understanding of the situation.