You can now use the address of the post office followed by unit #xxx instead of PO Box #.

We follow a similar model as @Bill B. and with similar results, except our properties are from the 60s, so we gut them and rehab from the studs up, basically resetting the clock. 

Also would love answer to the following: - Are there any specific challenges or advantages you experienced compared to a JV structure?

I have been following Michael Elefante on instagram and have been talking to him and his team as well. 

Or alternatively any of the following that would have a similar outcome.

The first pieces (literacy, metrics) and the following ones noted above are pretty straightforward.

You need to follow the lease.

No off-street parking = not worth doing MTR unless it meets all of the following: super urban area where no parking is the norm, highly desirable area with a ton of MTR demand, super safe part of the city, and has great public transportation (think NYC, Hoboken NJ, etc.)Unless it meets all of the criteria above, I pass on those opportunities because my MTR will be eliminating the many people that travel with their vehicles.

Following up

yes, on paper it makes sense to run by the room because you can technically maximize your rental income but you have to consider the following things:- who has control of the thermostat?