You aren’t a bad person for asking this question.The answer to your question is that there is no practical difference in how they will be as tenants.

I have access to others of like mind that can help me put syndicates together to purchase larger apartments.Outside of real estate, I'm busy as a CFO to a large dental practice that my husband owns that brings in capital for us to invest in RE... and I love taking care of my girls that are 16, 13, and 9 and teaching them all about passive income investing via RE.

I'm a newbie and still practicing doing the analysis and want to see if I'm on the right track.  

Short (practical) answer: No.Long answer: You could, but you will need some unusually great compensating factors. 

Just like you have been trying to get into arguments about there being no GC whatsoever that can be hired to work on a limited scope of supervising a project and/or construction personnel when this is a practice that has literally been going on every day and has been in effect probably before you were born (well, maybe not you!). 

What is the standard practice in terms of amount and terms?

This has become a best practice for all of our homes now regardless of their location.

Ideally, I'd like to buy a more practical car for managing my rental (something with more storag space) later this year. 

Happy to chat about house hacking options in the Austin area along with some best practices.

@Derek MorrisonI would speak to your real estate attorney before making a decision on your leasing practices.