If something goes wrong we can always move away. 

Another key change is making sure your contractor actually sticks to completion deadlines...why, because of how extremely tedious permit inspectors are getting in some cities, which can slow progress in and of itself.

This helps the process move much quicker on my virtual deals.

Bee Setups again threatened they were going to move forward with collections.

There's no problems living next to your tenants, just tell them your the manager NOT the owner to avoid guilt tripping.You have to analyze the deal 1) while you're living there 2) when you move out.

When I had my own real estate practice, I advised landlords on tenant issues, negotiated cash for keys, and filed evictions. 

In 2009 I renovated my own apartment and moved out.  

A few key points / takeaways from my perspective:1.

@James Landsford I would wait to do the remodel after tenants move out before listing it for sale.

Here is a great read on turnkey investing; Turn-Key Revolution.