Fun discussion!

I have seen many situations where a tenant in an upstairs apartment would leave their window open in the winter because they were hot while the tenant downstairs kept the thermostat up.

I had to do that last month with another property that they were managing poorly   :-(  Good start but get prepared for more fun my bet is on the bailout.  

Modest flip, basis 120k, 20k reno, ARV 180+, not exactly 70%, but a fun project near both our personal houses.So I guess in this case we couldn't form an LLC to hold title because then I'd assume 50% ownership in a property with no skin in the game...other than paying for inspections, etc.

Sounds like a fun and cheaper alternative. ewe_sneeze is his IG handle for his renovations...He is a real nice guy if you want to message him, im sure he would let you know his process or at least direct you to the YouTube page he learned it from :)Good luck!

I'm not too worried personally about my properties because the numbers work out for STR, MTR, and LTR, so I have escape routes, but the 1-2 week bookings during winter and summer have been a better path for me than just doing LTR.Article link below:https://buildingsaltlake.com/city-bulks-up-its-enforcement-o...

I listed this house well into the winter holidays and was getting a bit restless that I wasn't getting much action on it.

This is why a commercial development and investing is so fun.

@Marshall Downs thats awesome sounds like it was a fun project.

Since you don't want to get your real estate license, working for a property management company is an ok hybrid, but not what I would call fun.