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Communicate expectations upfront—because once they start double-parking or treating the place like a frat house, it’s game over.Cameras, Cameras EverywhereYou’d think adults wouldn’t steal each other’s food, right?

I do have a small shop with equipment that I use exclusively in fixing my rentals.   

If someone is willing to live in and renovate the 2 of last 5 year capital gains exclusion is a significant consideration.

Unfortunately, many of these companies that do property management and brokerage services include exclusivity clauses in their contracts which I don't think is right.

If you move for a valid reason like new job, you can pro-rate your gains exclusion.

Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Certainly not the more expensive and exclusive neighborhoods.  

Hi, @Celine BessonI work exclusively to help my out of state investor clients find great deals in the Memphis real estate market.