Because it is apartments they don't think I'm watching any particular unit, they just know I'm around.   

Hoping someone with some state-level context can chime in here.

We've been dealing with vacancies in our student housing units.

With a spirit of innovation, I transformed a single-family residence into a semi-multi-unit dwelling, aspiring to provide affordable housing.

Its a 2 unit , 3 bed 2 bath build in both units. 

My wife and I have 3 multi-units (11 units total) in the CO Springs area.

@Christopher MooneyHere’s my take …Looking at the book in the NOI section:     Cash flow after taxes = Cash flow before taxes – Income TaxIf by “Net Income” you mean “Cash flow after taxes”, we can restate the formula as     Net Income = Cash flow before taxes – Income TaxThe formula applies at both the portfolio level and the individual property level.Since you have taxes of $3,000 at the portfolio level, and if you know the “Cash flow before taxes” at the portfolio level, you can determine the portfolio “Net Income”.If you knew the “Income taxes” and “Cash flow before taxes” for each individual property, you could calculate “Net Income” for each."

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I've made a  deal on a 6 unit apartment 5 minutes from the house. 

Remember to also obtain appropriate types and levels of insurance for the properties as well as your construction business.