I have almost 400 units and we average about 40% turnover per year.Based on personal experience and networking with thousands of investors and property managers for the last 15 years, tenants tend to stay longer when they are (a) way below market rates, or (b) poorly supervised.

And now that the furniture is not an expense (since I’ve already purchased it) I literally just need to plop it somewhere vs pay for storage!

She got hit by the hurricane and within one week she was literally begging someone to buy her business because she couldn't handle it.

In most cases, when you assume a mortgage say for example with a 3% interest rate you can save tens of thousands of dollars per year in monthly mortgage payments alone when compared to loan written with todays rates!

Some of those facebook groups have thousands of members.

@Mark C.You are going to create a tax and accounting nightmareYou will pay taxes in each state you own property (typically) aThus each LLC will need to file in that state then you roll up to you which just adds more expense to your tax returnsYou will end up spending thousands of dollars per year to get taxes done which will eat any cash flow from making it so complexKeep it simple

I hired a virtual designer for a few thousand dollars and after giving her dimensions/walkthrough she had a buy list and floor plan ready in two weeks.

Here I'm thinking it'll be easier because there was literally a house there before and there's already electric, sewer, water and gas at the street to connect to. 

You’re literally neighbors, which might lead to tenants knocking on your door for minor issues.Tenant Risk: If you have a problem tenant, dealing with them can be more immediate and stressful since they live next door.

Frequently that is someone trying to figure out something better to do with surplus income and/or with a couple hundred thousand dollars they want to make an above-average return on with little effort.