By adding value we have been able to improve and stabilize our tenant base, reduce our maintenance calls, and in the long term, reduce vacancy rates.

Haha.I planned on remodeling all of the units anyways and replacing the roof and a few other things when the weather is better in a couple weeks, so it works out good for me if he actually does move out because I can easily rent the place out for an extra $100 a month with a tenant that actually passes a credit and background check.

@Armando Martinez , As long as you are taking title to as much investment real estate as you sell it does not matter what you do with the extra.

It means extra, unnecessary costs to you because you would have to file a tax return for each LLC which means more filing fees and more preparation fees. 

I dont have a house yet, so no extra room to rent out but I'd prefer owning something with separate space.

When one plans to live in a unit, should you analyze the deal as if there is a tenant renting that unit, or should you try to find a good cash flow without that extra unit's rent added in?

It's easy to do, they just make you do the extra work to get it.

Get a list of for rent ads.

The month to month clause is written into the initial lease so there is no extra paperwork. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.