If it is a high-end home it may make your home better than home X, but if it is a middle to low end home it may be unnecessary because your home isn't competing against homes with brand new kitchens, golden toilets, and a landscaped lawn.In summary, I would lean toward focusing on what my competition's homes don't have, whatever it may be (landscaping, new kitchen appliances, 2 tone exterior paint job, etc.) before putting in a sauna. 

It makes me money, if I sold it I would get a short term cash infusion, but would have also killed the golden goose.For people who have come straight into real estate these correlations may not seem as evident.

That means "the goose that lays golden eggs" lives in my town. 

In my firsthand opinion, RMt's better days are in the past:Used to be a center of tobacco industry in eastern NC - the 'Golden East' (even the mall is named Golden East Crossing)Used to be a thriving hub for textiles (literally days after NAFTA was signed, the textile plants closed)Used to have headquarters for Hardee's (it's where Hardee's began)Used to be a banking center of Eastern NC - People's Bank merged with Planters Bank to be Centura Bank; RBC bought Centura to make RBC Centura (that's where I worked, before and after RBC)... that didn't last, as PNC bought it out; I think they maintain a presence there, but a much smaller oneThat said, the real estate market is on the cheap side, and if you have a tenant in hand looking for a place there, then maybe... but also check out other things like the crime rate per capita, medium income, etc...

I know the properties are in good shape so I'd rather wait for a phone call with something gone bad rather then attending all their requests.Please also share any golden tips/rules to manage property management from OOS. 

Most importantly " The Golden Rule" never fails!

You also will likely lose out on a "golden" Tenant because you are not willing to store your furnishings and let them provide their own.On the subject of Condos, please take the time to research and learn to understand HOA Operating Budgets and current Financial reports; Reserve Studies, and Reserve Funding Plans.

My plan is to never sell any of my properties for several reasons but the the most important reason for me is to not kill the goose that lays the golden eggs just to have a nice breakfast.

I read the 101 and the thread where it was chopped to pieces, especially enjoyed the active real estate investor and how he used the vehicle...not the insurance ;), its sinking in.Your statement made in that thread is the golden nugget;——start quote——“A properly designed policy for leverage like this should have about 85% cash value to premium in a 5-pay or 7-pay design.

Even an out-of-state LLC will have a California footprint for income reporting and taxes if you are a resident of the Golden State.