Although I am not sure how to enforce this one, there should be active, on-going communication from the the borrower to the lender .... as one would expect from a GP/Operator to the LPs in a private equity syndication. 

I would love to meet some new members, young or no, whose goals might include a solid cash flow and providing good value to renters who are exploited or poorly treated by unresponsive landlords or large corporate operations.  

They go over a lot of the fundamentals that I completely agree on as a high skill operator in this space.  

There are "turn key section 8" operators in Alabama that market to do all of the due diligence for you and you never even have to see the properties! 

It also makes it harder for other operators down the road--- not your main concern but we all impact each other.What about you and your wife live in the garage unit, and rent out the house for a lot more, at least until all this permitting is figured out.

So in that same vein does bifurcating assets from operations help?

Just want a software that does a great job handling the overall operations smoothly, a one-stop-shop for all PM needs. 

Similarly, using services like insurance back office support can streamline operations.

For BP readers in NC (or other trustee states), get to know the trustees that operate in your county of choice, then periodically look for upcoming sales.

they will say you can operate a parking lot there.. plus who is going to spend the thousands upon thousands litigating this with the city ???