Reading then Hands-on because variation can come up, you enjoy the variety of tasks and challenges found in property management.

The east side of the lake has a variety of houses from 1,500 Sqft to 7,000 Sqft.

BP has a variety of threads on the topic which are free to read for you.

I think a much better solution is to post your questions here and have a variety of people answer your question.

I'm not going to evict someone for doing something small like that, but I'd like there to be some explicit penalty.I can imagine potentially a variety of other items over time which it would make sense to handle in this way, but I haven't been managing long enough to know.... any suggestions?

Also if you just take a few from a variety of different owners that way they won't think it's a big deal.

One of the things I love about this place is the variety of experience and the willingness to help out.

You'll hear lots of stories of people who do quite well covering lots of "niches" because they like the variety.

In order to do this allocation you can use:1. county ratio of 80/20 resulting in $80k building basis and $20k land basis or2. county land value of $50k, leaving only $50k for the building basis or3. a variety of other methods. 

He is right - RE is indeed a bad investment for a variety of reasons.