Unfortunately, the single-family home also comes with some drawbacks. Tenant turnover can end up costing more with a single-family home than with a condo or a multifamily property. There is only one tenant that is providing you with revenue, and once they leave, you lose that income until you get another tenant. You may also need to take into consideration the cost of Homeowner Association (HOA) fees. These fees are generally monthly payments that are required from property owners in the area.