Do each one own separate property individually?

Not sure about PA, but in NY if there are any lights in common areas the landlord needs a separate meter - you can just go count the meters on the house, if there are 5 then you know there is one for common areas.I wouldn’t use cap rates for a four unit, use comparable properties if possible.

They are only here to prey on your emotions and once they get your money, its on to the next sucker..

I've had two separate evictions which started in Feb, and we got possession in Sept. 

It sounds like a topic I need to dig into more—might even make a separate post for it!

@George Bell my LLC's do two main things:1) Hide my identity, so tenants can't easily find me. 2) Separate my business and personal assets, income & expenses, not so much for tax purposes, but to avoid IRS issues.-- Just audited by IRS this summer for first time ever and had no issues!

For actual property management software I now use RentVine and have been very happy, although it doesn't do the business bookkeeping as well (still need QBO, and separate bank accounts, for that).

I would be worried that the whole house was done shoddily and will continue to cause you issues as time goes on.You have to get the emotion out of the equation.

But I'm curious if it's worth it to rip out the radiators and put in two separate forced air units.

Also, we can be relatively sure that they won't overstay without permission, as we tend to be fully rented for a year or more out, sequentially to 3-4 separate individuals.