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Multi family simply means the property has more than one living unit (duplex or above). Usually this means separate utility meters and will be sold as real estate that can be rented out to multiple families. A home with a guest house on the property is generally not considered multi-family. Remember that if you are looking on purchasing a multi-family property a standard residential mortgage will only apply for up to 4 units. Once the number goes above 4 the buyer will need to get commercial financing.
0. In a triple net lease, the tenant is responsible for all ongoing expenses, taxes, utilities, insurance payments, maintenance, and repairs. At the same time, the landlord collects monthly net rental income just as he or she would with a traditional real estate investment.. In a triple net lease, the tenant is responsible for all ongoing expenses, taxes, utilities, insurance payments, maintenance, and repairs. At the same time, the landlord collects monthly net rental income just as he or she would with a traditional real estate investment.