Renters will not pay for watering the lawn or Plants!!!!  

I got hit with a 14k water bill, and 8.5k electric bill on remote meters that weren’t working.

They ones that need new roofs, have broken pipes, no heat source, or have water damage.

For me personally I have 3 accounts for my 5 rentals but all the money is pooled together. 

If I were to take the cashflow I made per year and the equity capture at the buy - the equity capture would blow it out of the water in most cases.

If you do go that route, be careful not to hold yourself out as the GP, or at least clearly explain the roll you played because there are quite a few GP's in hot water right now who at the minimum were intentionally vague about their roles creating the perception they have a track record that doesn't align with reality.

With regards to traveling nurses, I was mentioning them as a potential tenant pool if I decide to purchase a STR, as an alternative or supplement to vacationers as occupants. 

Small slivers of land, lots too small to build on, no water, no power, landlocked, flood zone, dump sites, no sewer, but too small to add septic, around where I live counties require a certain amount of road frontage so people won't put mobile homes, so you can buy OTC without the required road frontage and lot could be more or less worthless....can't build on it,  and all other kinds of issues. 

Hi Tj, when starting something new, start with a pilot program with some funds that's not gonna sink the ship even if you took a major lost and test out the water.

I’ve spent 2k last year on various repairs including a major expense to replace the water heater, I am not overly concerned as this also contributes to the property value.