-Administrative Burden: Managing substantial services may require more administrative work and potentially higher costs in terms of time and resources.Some investors do use creative strategies to maximize tax benefits, but this particular approach of converting long-term rentals into an active business reported on Schedule C while providing substantial services is less common.

Well, first, there are two types of "investment clubs" (and it sounds like you may not realize this).The first (and unfortunately most common) is basically a thinly disguised way for a sponsor or sponsor affiliate to advertise and push their own deals on investors.

This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

My lease states that anything the tenant owes me like late fees, utilities, damages are payable "as rent".

However, for commercial properties in Colorado Springs it is common to see deals trade at a 5% cap rate.

For those who have tried Airbnb long term rentals (typical more than a month), how do you factor in the utility bills?

The more common issue is someone who is related to the property staying over and having to go through an eviction. 

Bring in utilities?

This is common with renters coming in from out of the country or renters who refuse to share their SSN.I double checked on SmartMove if you can run a report on an applicant without a SSN and it says, "At this time, SmartMove only has the ability to process an application for renters who have a valid U.S.