I was warned about it when a tenant hires employees, then they go down the block getting snacks, leaving the front entrance doors unlocked.

Yes, but that doesn't make it bad if it unlocks future profits for you.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,425,000

Cash invested: $400,000

Value add and a house hack!
We added cheap square footage by filling in a breeze...

Get out in your spare time and inspect the available listings--product knowledge is one of the major keys to unlocking success. 3.

As an investor, it unlocked higher income jobs for me, which I use to buy real estate. 

The entire $75,000 loss will be unlocked.

Bryce, the cost savings from managing your property yourself will never compare to the potential discounts and opportunities you can unlock with the right connections and focus through a good property manager.

Transforming SFHs into multi-units and targeting 2-4 units for value-add potential is a smart way to build your portfolio, especially if your goal is to qualify for larger loans down the line.If you're aiming to hit the 5-unit mark and unlock better financing options, here's something to consider:Leveraging BRRRR Strategy: You’re already thinking about the refi route, which is key.

If you wanted to unlock this, you would have to stick to the average of less than 7 days and hit the material participation requirements. 

Have you considered selling the home with seller financing/subject to as an alternative way to gain income/ unlock equity?