Housing prices the way they are and cleaning fees can anyone make money on str in long beach if they get in the game now? 

Our HOA is considering buying the lease so that the entire condo will become fee simple.

We also meet weekly to discuss our wins, challenges, etc. 

Looking forward to the discussion!

If you have a newer home that rarely requires maintenance, a markup fee and low management fees may be the way to go.

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

You assign the lease option agreement to a tenant-buyer and receive an assignment fee without needing to close on the property yourself.

I'm a commercial mortgage broker and I'd love to connect to discuss debt financing strategies as you come across potential deals. 

you can't really micromanage tenants.All you can do is create systems with some flexibility.Again, if you read how we charge our Processing Fees, they encourage the behavior we want, while discouraging (via fees) the behavior we do not want. 

My partner and I have already been discussing real estate as a long-term wealth-building strategy, and house hacking is definitely on our radar.