So you shouldn't count on appreciation to justify under performing STRs.

Building small units in small counts is expensive development.  

Second, people with criminal records are in need of housing and have made great tenants for us.

He said even driving to pick up the rent check doesn't count (the driving part doesn't count), but picking up the check does (how long does that take?

The 15-20 year run people had is gone, so be VERY careful with listening to some of these "real estate gurus." 7.

Do you guys ever take the risk of buying a foreclosure at sheriff sale with the previous owner still living in it? How do you calculate rehab cost given you can’t look inside?

Quote from @Jonathan Greene: I have been seeing this a lot lately: people who hold on to underperforming properties because they add to their door count or to their self-worth as real estate investors.

Sub to us a bigger deal than most people realize.

.: Most people suck at painting. 

Time spent as an investor or in activities not customarily done by an owner does not count towards the 500 hours.One thing to note is that if you are married, you can combine hours with your spouse's to meet this threshold.