I am hoping to find a single family home that I can "BRSTRHHRR" (buy, reno, Short term rent|House Hack, refinance, repeat) by creating a separate living space in a single family home that can be STRed (this is due to local restrictions in my town that prevent STR in multifamily properties). 

If they lock themselves out, they pay to get back in.I am in a small town where it usually takes 15 minutes to bring someone a key.

So that was my first partnership, we bought houses and I controlled the whole process and I learned so much.

Quote from @Madelyn Felix: Are any property managers (with 20+ doors) controlling access for all of their properties under management remotely with smart locks-in one system? 

Drive around in the parts of town that you want to invest in and see if there are any bandit signs.

If I were you I'd be very specific on which town you buy in the suburbs or if not potentially consider the northwest side of the city.

It is complicated because these investments are long-term, illiquid and completely out of your control.  

there is  a reason this paper trades as such a low value.at least when you invest say with a HML right there in Denver your assets your loaning against are rock solid.. not some defunct little house in some little OHIO town that died 30 years ago and is never coming back.. 

Optionally, use an irrevocable trust for added estate planning benefits, though it limits control.

Quote from @Wilson Pereira De Oliveira: I didn't know about this rent control limits in Berkeley.