The appraiser must provide a sufficient explanation of the basis and rationale for all adjustments (or, if necessary, lack of adjustments) within the appraisal report or addenda." 

If you've really become "millionaires next door", I don't particularly see how "losing" $5-10k per year is anything to even lose sleep over.

Should a house always have at least one tub or is a walk-in shower sufficient?

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.

An LLC in the state in which the property is located is sufficient.

The parties experience, strengths and availability are critical to ensuring  the partners duties and responsibilities are compatible and capabilities are sufficient to execute on the business.

If you want to invest passively in RE and don't want to invest locally (and/or may not have sufficient funds) then you should look into REITs.

I would certainly think any market greater than 8000-10000 people would be sufficient to do some BRRRRs in.

@Amy FirminAmy, If you are bringing your kids in to teach them the business, letting them know that trying to cut costs by saving on legal fees is definitely not the best advice.A partnership template may technically cover the needs of the parties at its inception but may not be sufficient to cover the eventualities that can arise in real time.If you do find that template, spending a few bucks to have an experienced eyeballs on it to button it up seems like a good idea.

For crank windows that aren't in a bedroom, and aren't the only egress, would it be sufficient to simply remove the crank so they can't open, since there's no requirement that they do so?