- Any lessons learned or best practices you’d recommend for someone leaning toward this approach?

There are some legal considerations as well as practical considerations 1.  

The Justice Department’s acting assistant attorney general, Doha Mekki, put it bluntly: this case is about ending the practice of “putting profits over people.”

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Make it your business practice to post the notice to pay or quit precisely on the day after the grace period ends, every time.

@Gregory Banks I can offer some practical advice and referrals.

Lately, we have been inundated with last minute cancellations, with the guest disputing the charge with their credit card company.  We are losing our appeals.  
We are able to demonstrate seemingly everything that th...

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

However, if the aim is simply to start basic operations or register an initial business, a virtual office can be a practical and efficient solution for the early stages.I hope this clarification helps.MontseOke yes so we are basically talking about the same thing. 

It's hard to harvest equity on these plays, unless you commit, long-term, towards very light leverage, as the only practical ways to benefit from the equity in your portfolio, if you plan to never sell it, only exchange it, for a lifetime, are to spend the cash flow, or cash out refi.