I purchased a foreclosure that sat on a suburban lot that was flat, needed repairs, cleaning and most of all the lot was large enough for as many as three homes. 

They are happy to have their blocks cleaned up, happy to have their home values increase when we sell, and the property owner who I cold-called initially made some dough. 

There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house. 

The other obvious benefit is clean living and sustainability :) Let me know your thoughts! 

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

The street it’s on is clean and nice, but there are some run-down, overgrown homes & lots nearby, there’s also a new $1 million home that’s the only one of its kind (and been on the market for 18 months).

I am also going to branch into everything surrounding real estate such as home cleaning, contracting and moving into franchising.

On your profile put your location. 1-Get a great Realtor. 2-Get a great Contractor3- look at properties. 4-Save your down payment money 5- Get your credit rating cleaned up.

Love this thread and currently negotiating land on beach side with clean title.Wondering what is a fair offer for 25x100 M2 plot on beach strip direct to owner. 

Pull standard crisis and background report.2 Take care of maintenance on routine basis3 Check with prior landlordHave printed acceptance guidelines to avoid fair housing complaintsBob CollettRemax Trinity