Hi Paul,Charlotte is considered a good market for house hacking due to its demographics, safety, and quality of life.

I agree that it is essential to understand the differences in every sub-market. 

Below are a few things I look for in a vacation rental cleaner:1) Hot Tub Maintenance: Since many of my properties include hot tubs, it's essential that my cleaners are experienced in testing water quality and adding the appropriate chemicals as needed. 2) Clear Communication: Real-time communication is crucial for me.

There are many buildings with systems reaching the end of their life - Galvanized hot water risers, leaking vent stacks, aging window systems, outdated elevator and fire safety equipment.

On paper, they are essentially the same with some minor differences in offerings. 

There is a reason Wall Street investors buy single-family homes. 3 single family homes in the same area is essentially the same as a tri-plex. 

The tenant threatens to get lawyers, my concern is their safety, but I can’t get any justification to make improvements to the property for security.

@Brandon CraigMissouri and essentially 100% returns since they are charging 10% fees and 86% return split so investors get 43%Clearly this is not an experienced investor sponsoring the deal as an experienced investor would show a 15-20% return and if returns were higher lower expectations which lower risk and if they got more they look like heroes.

However, it’s essential to consider the trade-offs, especially with the difference in interest rates between uDirectIRA and Fidelity.I’d recommend talking to a custodian who specializes in this because they would be more knowledgeable about the nuances.

Doing it as you say is essential and then learning from your actions.