It was inspected as a duplex, and I'd bet it'll be appraised as a duplex as well (basically removing the oven gives the appraiser plausible deniability), which could create value issues and impact your DTI if you need to use rental income to qualify. 

It is like selecting a car, they all basically do the same thing, some have more bells and whistles than others, but will you use all those bells and whistles or are you just looking to get from point A to point B.

I can do all the basic things like lawn maintenance, snow removal, painting etc, and some electrical and plumbing.

I do that with a Vegas prop and we get basically double the rent and its A class so no need for PM. 

I market them as basically a 'turn key small business'. 

The purpose of my "read books" comment was to illustrate that I understand the risk associated with this and that I am responsible for my own actions.

And basically anything that rings a bell would be helpful.The reason i am asking about this is i am trying to understand if there is a market need (pain) to make revenue streams more predictable and to insure away such risks.

I did walk away basically breaking even (probably out a few grand, but not losing my shirt) and with a much better respect and eye for a "great deal." 

Respectfully,Zach Hi Zach, you could do this through a joint venture agreement, which is basically a contract.

Cape Cod is HIGHLY seasonal and basically goes dead from October through April.