And much less risk in terms of collections because you don't have to worry about evictions or damages (assuming your property management has the right coverage).And yes, you can easily point to the bust in 08 causing prices to drop or the covid rents coming back down as big changes. 

You receive the utility bill and pay it, while collecting from the tenants.TENANT PAYS When the meters are separated per unit, make it a requirement of move in to have the tenant provide their utility account numbers to you so you know they are set up and not being billed to you. 

What is your take on the most optimized property type to invest as a short-term rental in Kauai. is it 2 bed/1 bath, 3 bed/2 bath.

I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company.

How many tenants would qualify for rentals if you couldn’t depend on them collecting minimum wage for their labor so they could pay rent?

We also had that issue with several properties that had a lot of cash flow in the spreadsheet but not as much in reality, and have optimized our portfolio now to focus only on locations with high rent and value appreciation.

The ACTS of offering to purchase, assigning or flipping a contract, and collecting a fee for such does NOT  in itself require a real estate license.  

Closing costs on seller carried transaction are marginal, payments are collected and preferably administered by a third party and qualifying or documentation required is discretionary to the seller.

I like the idea of value adds, but ADUs are not an optimal path.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.