Hi Vincent, I think the confusion here is the downpayment aspect of the loan.

Yes well defined rule are very important and help but these are humans were talking about so you have to go deeper then that and consider that human aspect for community/shared spaces. 

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

I am 100% ok with my w2 providing me income to maintain my life and grow a nest egg for the later aspect of life  

The biggest difference to me is that YOU have control of every aspect of an active investment, while somebody else is in “control” of a passive investment.  

What aspects of BRRR do you want to discuss?

There are several aspects of a long term lease that are not needed, or additions that should be included in a mid term.

No state income tax.3. property tax's some of the lowest in the country.4. quality of construction most homes are built with stucco and tile roofs and desert landscape compared to much of the mid west rust belt were its very common to be looking at houses that are 50 to 100 plus years old. and yards grow fast  snow sleet ice all take more wear and tear on your units.we do a lot in most of the mid west rust belt states. the prime motivation is price point and rent to price ratio for those aspects they are the best.

More freedom to tailor your investment to the guests' needs.More privacy for the guestsSecurity and keys can automatedMore rooms for more quality pictures!

Your plan to handle the strategic aspects remotely while a property manager handles onsite issues is smart, and as long as you log your work and stay hands-on, you’ll likely qualify for active status.