They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

Using an LLC and drafting an operating agreement ensures efficiency, outlines ownership, and resolves disputes.

Again, your time and energy is better spent increasing accountability and pushing RAD to improve their staffing with individuals qualified to maximize their portfolio at this time.....and in the future spend some time and money to perform adequate diligence before you invest passively. 

What am I going to do if a guest uses too much energy... nothingThe goal is to run MTR for a few years and then convert to LTR.

Full stop.An investor can buy undervalued RE, do efficient improvements and create massive value. 

My wife and I create Real Estate Meet-ups wherever we live (lived in many places due to being in the Navy for 21 years) and I believe that these groups help change that potential energy of potential investors into kinetic energy and make kinetic investors.

Narrowing our focus on ideal clients has made us more efficient overall.

It keeps your asset, but rising costs and no property management may stretch your time and energy.1031 Exchange into WA: If local management and long-term appreciation in WA fit your goals, this could work.

Here is a guide for our water company that walks you through it:  https://www.portland.gov/water/water-efficiency-programs/fin...I'm guessing it would be pretty similar for you, and if you determine that there is a leak by looking at the meter, then you may want to hire the leak detection company.As someone else pointed out, maybe just ask your tenants as well if any toilets are running or "ghost flushing" or if they have noticed any drips.Good luck!

I have been interested in REI for 7+ years, have been a landlord for 4+ years, but in all reality, if I put all of that same energy back into my work career instead, I would probably be financially further down the road.