Those are not the most important parts of the operating agreement.

But a tenant may, so the insurer provides coverage for a rental that you wouldn't have in an owner-occupied home.It's important you be very honest with your insurer about how the home is used so they can ensure the right coverage.

Most importantly, learn how to manage it well so you don't squander your investment.

In today's market with high interest rates, it's most important to make sure that the numbers work when analyzing a deal.

Having 2-3 contractors in each field is important, as your preferred guy won't always be available. 

Verifying last 2 years of rental history very important!

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

I am taking all your advice and information and putting it in my Notation notes for REI (you should really see this thing, I'm reading roughly 3 books a week, watching and reading countless videos and articles and I have a virtual seminar with Grant Cardone this weekend).

@HaiderFord is also talking about the impact on Memphis.Here is an article Ford put out 12/24https://fordauthority.com/2024/12/ford-blueoval-city-set-to-...

Verifying last 2 years of rental history very important!