The more time you spend talking about other options and try to build up the negatives, the less time you are spending on what you fell are the positives of your own idea.If you believe that you are onto a great idea using L2P option contracts and forming partnerships where someone else provides 100% of the money while you provide 100% of the real estate-related functions, then start it up and make it work.  

I hope management can save the day for me! 

Flexibility is key for me as I navigate opportunities and continue learning.I’d love to hear any advice you might have or discuss potential opportunities if you’re working on something similar.

Now Im looking to maximize my potential, gain some financial independence and start making my money work for me and not work for my money.

If the numbers and neighborhood work for me, the age and condition of the property are totally irrelevant. 

For me I think it depends on how much money you have invested into the home and for how long?  

Jeff and I lend our own money and at least for me I do have some investors that I manage their funds along with my own.

Working on figuring out that definition for me and your comments are helpful.  

I googled it and found this:If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E.

To vet guests, you can use a pre-booking form, ask about their plans, and require an ID and signed agreement.