Please check local rent control laws to ensure compliance.

John,I would add, check the local & state ordinances laws regarding what is needed (ie. fence height, safety gates, etc.). 

Does my math check out?

My dad, being him, was never checking the mail, so I can't confirm if a foreclosure notice came in the mail, but in January 2021, I received a call saying our house was on the foreclosure block and days away from being sold due to him not paying taxes on the house.

House hacking a 2-4 unit property is a great way to get started in real estate investing and a useful strategy for building your portfolio.If you're looking to do larger apartment deals, check out Michael Blank's book "Financial Freedom with Real Estate Investing".

Check out Furnished Finders for MTRs.You don't need an LLC for a small operation like yours, just a waste of money IMO.

When you take over a property and you are using your own business checking account/IEN and new LLC to collect payments and pay for repairs/costs.

It depends on the city so always best to check directly with them. 

I've learned so much from both of those books as they explain the process and each one provides just a slightly different approach.Book 1 is the current strategy I employ in my investing activities and It can be VERY Profitable.Also learn about, and check out the book, Investing in Real Estate with No (and low) Money Down.

My cleaners never miss a day of work and if they do go on vacation they notify me of the back up before they go.If I get the same question more than twice I make sure to tweet my check in info to answer this question and I never get it again.