This will enable them to manage a PM when they reach that level of doors.

I just did one for Servisfirst there in Charleston.. its required along with 2 years tax's  they run  a credit report but its not the driver for loan approval or rates.. 

Now you will have four streams of income vs one, and the tax benefits/depreciation, cash flow, appreciation & debt pay down will all exponentially increase your net worth by having four doors vs one! 

The end result - are you truly in the driver's seat of your 401k!  

I was thinking of putting the keys in a lockbox and asking the person interested for a copy of their drivers license and Credit card to make sure no damage is done to the property and keys are returned.

PS: not giving any of the check-in information until right before arrival helps avoid situations like this, where a new guest is beating on the door when someone else already has the right to be there until their check out time. 

We want to know exactly what interest rate we’ll pay on a mortgage, what the water bill will be, if the property next door is thinking of selling, and everything else that has even marginal relevance.  

One of the biggest drivers of change was quality assurance.

If the Multi-Fam does not have individual utility-meters for all units, then you have to figure out what to do or it can potentially eat away at your cash flow.  99% of Single Family homes do not have this problem.These are just a few pros and cons. 

I did 59 transactions. kept 13 doors to myself.