This one is good.  

You're one of the most experienced people on this forum, and maybe you've seen this one too many times... but if this is not the way then what is?

Lesson 1: Probate takes forever, this one took 6 months, and no one but ourselves had any desire to speed the process along.

We have one in my city.

If you are focusing more on turnkey's then I'd suggest partnering with one of the investment companies so you can buy a property that's been completely renovated and that has a resident already in place.

We’re used to practical, bread-and-butter multifamily, not luxury one-offs, but we said yes to help out.

A lot of smaller banks will do this.If there is not a Four Plex in your area, start educating yourself on how to build one.

One tangential thing that maybe is missed or isn't clear from the above discussions, you will probably not be able to shift from long-term to short-term during the year AND use the "average rental interval of seven days or less" way to categorize the income or loss as nonpassive.Example: You rent for month of January as "long-term" rental and then do weekly rentals for the remaining 48 weeks.

No one wants to put in the effort, work, time and money, into a healthy habit or - for real estate - into a solid asset.

I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.