Work as a chemical engineer but participate in RE investing. 

Yo want no regulation or industry standards for the STR's, you're ok with this because it works for you, imagine now if the Natural Stone Institute had no standards or regulations for the countertops you're installing in your units and now you're emitting toxic chemicals for all of your guest, then take this scenario onto the plumbing pipes, now look at the flooring requirements, If everyone who has some sort of profit benefit in your Asset took the same position and wanted no government oversight or regulation in the name of individual tunneled vision profit, we'll be back where we were in the 60 and 70 with mass numbers dying from asbestos and lead poisoning all from renting your units.   

This may sound harsh but You are really screwing this landlord thing up right from the start bro .

Cliff like fall for some companies, and harsh uptick in unemployment(real unemployment).  

I have been told by the local pest company, that the chemicals that they will be using, is harmless to kids and pets.

Sorry, this is going to sound harsh, but I think this whole defining of whether any particular type of involvement in Real Estate is worthy of being called investment is a bit immature and frankly rude. 

If the RTV is around .8% and below, you're either speculating on appreciation or being totally passive on the investment (the high cost of a super PM).This is going to be harsh, but stop over analyzing and focusing too much on the negative experiences of others to validate your fears. 

I apologize in advance, as this is going to sound harsh.

My greatest joy with the 'toys' I buy is in watching my kids and grandkids experience things I was not able to experience at their age.The concept of buying a house and using the cash flow to pay for your toys sounds really good in a guru pitch, but there are harsh business realities that make it a flawed model.

I don't drink coffee by the way but you get my point :) Even savings should be done in moderation, not just spending.As for people on the lower income bracket, sometimes I think we judge too harshly.