Quote:
Originally Posted by plexiform
Intended use: I’d like to move in to one of the residential units and rent the rest out. .
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Noooooo!! Forget all the dollars and cents, cap rate, etc. THIS is the reason you do not want to do this. You Do NOT want to live this close to your tenants.
Imagine - you have locked yourself into this financially, no way out, and you have nightmare tenants, noisy, complaining, and there is nothing you can do because you need the rent money. You can never be friends with your neighbors because you are their landlord. They would lean on your friendship for little PIA favors, or to let late rent payments slide, etc. They will “mention” every little problem because you are so convenient.
No way.