To me its where you put your lawn mower and christmas decorations and wouldn't have the space to put a bed, fridge, closet or other storage, tv and other basics.

Maybe my analogy was too restricted for all viewers, so try this one… Have you ever tried Telling a fat person that they are fat?

.), utilities, TV/internet, landscaping maintenance, marketing, credit card fees, lodging taxes, etc.

I found a big 2200 SF+ split level house with two kitchens, two living rooms, and two entrances that would be 'effectively equivalent' to what we have now in a condo with a noisy family directly above us (that likely to hears our TV and bits of our conversations).

And this same issue extends in other directions, for example, what if one family member loves watching the big game all weekend long on the TV, but other people would like some quiet time to read.

That is why you should request to review all contracts related to the property (not just leases, but other service contracts too, like pest control, cable tv, etc. that the owner may have) during your due diligence period of escrow. 

The internet and TV has lead to the massive spread of information regarding real estate investing in the last 5-10 years.

Like the Life Insurance Commercial on TV..."

One TV.

It’s not as easy as the tv shows make it look!