Make sure your lease stipulates its a "shared property" and list all the rules to make sure they toe the line, garbage, one vehicle(where parked), noise, no personal items in yard, everything you can think of or choose/whatever.

We have more maintenance requests but usually for smaller items.

We built our personal home from dirt up and while it definitely can be more challenging, you will capture additional value vs buying new if it is done correctly. 

It’s awesome to see how you and your wife have built a portfolio so quickly.

Sure- long distance investing can definitely work, but it's vital you have an excellent team built up.

I was analyzing a four plex and realized there are beautiful apartment complexes being built nearby.

A lot of these southern beach & mountain towns have been supporting STR for 75+ years, long before Airbnb was a thing, so they’re very comfortable with it and it’s a built-in part of the community.A lot of Northern places are FREAKING OUT over STRs & STR regulations & they don’t seem to be very supportive of it.

Hey @Jeff Ryan - While I can not speak to your exact situation, I can speak to the thousands of homes I have walked here in Chicago, where majority of the homes were built in the late 1800s/early 1900s.I would say that 7/10 of the older homes I look at have some sort of settlement in the foundation, which causes the cracks and sloped floors you are mentioned you are seeing in your property. 

It's always a plus when you can get your property valuation increased and the tenant pays for the new item, just so long as your downside risk is mitigated, too.Good luck!

That way you can tap into your down payment and whatever equity you built to continue onto the next one.If you're going for a 2 family for 600K with 10% down in lets say jersey city heights and not doing much reno, you're most likely breaking even when you move out of your house hack and rent it fully.