I checked the lease and there is no stipulation saying that gas must be maintained in the unit and fortunately the tenant alerted me when water started to leak.

I was living in one of the units during this time and plan to move out and rent the units.

Complete renovations to have two units.

I would rather use the funds to setup the arbitrage unit towards a down payment on an owner occupied property or vacation rental.

Hey, I'm a new investor, Im looking towards getting some units under my belt but know exactly where to start im located in washington dc and i feel like this market is little bit out of price range.

Most states that require license and NMLS registration for 1 to 4 unit loans no matter on the purpose of the loans ( and there are 12 states currently that I know of that require this thats why there really is NO national HML virtually none are licensed in all 50 states even though they advertise that way).

Payroll: At what facility size (in units or square footage) does it become necessary to hire full-time staff?

I am hoping to find something with 2 - 6 rental units, and I would like to be in the $300-$500k range.

I can imagine a situation where the employees of the condotel management company provide services for all the units in the building and no one individual spends more time on your unit than you do.  

Small units in small unit counts is very expensive housing.