Just from my experience.

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

Its honestly going to come down to the numbers and what your end goal is?

One of my goals is to go through my past tax returns, and figure the ROI my rental properties with taking into account the tax savings (I typically calculate the ROI on net cashflow at the end of the year)I have a W2 so I generally aim to maximize my pre-tax accounts - 401k, HSA, IRA to a backdoor Roth IRA, 529My "losses" would be passed forward since I don't qualify as a RE professional nor have active RE losses.

It also confirms the amount of security deposit and the lease ending date.

A partnership requires three things to be successful - Experience, Capital and Time.It looks like you have the capital and experience but maybe not the time.I have my doubts about this working if you have a friend who has weak credit and a limited cash flow.

I don't know if you'd find those people on Airbnb or VRBO from my experience - depends on area.

From owning this property, I have learned so much and overall it has been a great experience!

Coaching can absolutely 10x your business, but theres always a risk of a bad experience.

Most companies marketing with the word outsource some of the pieces you described above - in particular, the management on the back end.