Correct, you as the "lender" have to control the contract as the buyer.  

Some in our control, others not so much.

This allowed me to control renovation costs, streamline operations, and accelerate my investment growth.

I would also make sure I controlled the checkbook or that we both had to sign the financials.

Breaking news: events in and out of our control will affect real estate both positively and negatively.

Both Ecobee and Honeywell are great options for smart thermostats so you can remotely control the temperature settings and set temperature ranges. 

You could also check out options like Cozy or TenantCloud for similar features.When converting to LTR, just keep an eye on local rental laws, lease terms, and any rent control rules that might apply.

In my opinion a fully passive RE investment is the most risky because you give total control to others. 

Soil Erosion and Sediment Control Plan.9.

It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you!