The biggest thing is vetting the operator as they ultimately drive the returns.

Yet, many investors overlook simple strategies that can significantly reduce their tax liability.

This approach will allow you to focus on the financial benefits rather than the day-to-day operational tasks.Additionally, consider how this rental income will contribute to your overall financial picture.

Be where their eyes are searching, but it's not as simple as asking here. 

The $35K is not NOI- it is gross income, so still have to take out operating expenses, plus mortgage, so loss of about $14K annually plus paying my HELOC of about $1K/mo. 

The amount of equity I call pull is less than the cash I have but not significantly less.When doing this analysis it struck me that it may not be worth using a HELOC for the simple fact that the interest rate is ~9%* while the funds in my high yield account are only yielding ~5%*.

If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.

So have to make sure you interview beyond just asking the simple "can you do this for me". 

@Brian Burke Your more of an honest man, than a salesman.It’s great that (IMO) the most trusted Syndicator/Operator on here is saying to diversify across other assets.Brian you are in it for the long game and that is why people trust you.

How about the simple obvious that the inputs to deliver the service/product have a base-line and market prices have, OBVIOUSLY, been at about as lean of operating profit margins as can be.