(cash flow from operations / total rental income) * 100% How much cash flow are you getting?

I favor metro areas having to have at least some sort of permit to operate. 

This is their job and presumably through my vetting process, I have found great operators - they are much better at managing the assets and economies of scale than I could ever be. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

For us, we are looking and doing LTR or MTR furnished room rentals but its very operationally intensive.

However, in many cases, these properties operate like  those acquired by the Investor B in the  scenario I shared above.

I now operate the Airbnb on behalf of the new owners!

@James Wise ill email you tomorrow...It pertains to another business that he operates

I second what @Garrett Brown said - we use Roku in all of our places which operates similar to how a lot of hotels have now where you can login and use everything and then it will wipe all the guest data out on checkout date.

As a former operator that transitioned to lending I believe that the biggest challenge for newer or newbie investors is making the numbers make sense.