That works for our AirBNB because we wanted monitoring on the security system.

Just to give an short term rental owner point since there is a lot of fact-less, miss information, emotional and fear driven arguments going around.As a short term rental owner we abide by the current ordinances and laws (yes even parking), pay all the appropriate taxes btw yes we do pay state and local occupancy taxes just like hotels do also, we also actually pay about triple the property taxes that a normal home owner does for the “privilege of renting our own property”, we take better care of our properties than most property owners around us, clean and maintain our properties weekly, we screen the people we put in our propeties also (my felony neighbor that moved in next to me I have no control over btw).We have systems in place to monitor our propeties 24/7 like video and in fact have even had other neighbors come to us asking for our help and video coverage for unrelated issues on their property.We actually enjoy meeting the different people that stay in our properties and even had a CBS reality show filmed at one of our properties recently.As an owner the only real negative experience I have had is from the folks that think they have to right to tell me what to do with my property.Do we have an occasional guest that thinks they don’t need to follow the rules of course but we handle it just like I would think you of any guest that comes in your home.

Like @Mike Finley, the end game is near...want my time, like @Brie Schmidt to do what I want with reoccurring income.I ask this question of people all the time.

Hey @Daniel Weaver and Account Closed, It looks like that most flips in Memphis are TK transactions.I been monitoring 38117 and 38104 for awhile now and nothing major with add value opportunity popped out to me for a while. for BRRRR.

There are companies working here in Kentucky right now that monitor sales for less than 2/3 appraised value and then if someone like you begins rehab they approach the original owner and offer them $500.00 or so to assign the right of redemption and then the company pays the purchase price into the Court and get's your rehabbed property. 

I think this would be a waste of time to try to monitor personally. 

Investing in real estate leads you to passive income and active market monitoring.

It's an easy repair - when I performed it I stopped the majority of water from coming in, monitored it during the next rain storm and did a second patch where water was seeping in which took care of the issue completely. 

Monitor each tenants and their behaviors and see if you receive complaints and about any the tenant from the other tenants take heed and that will guide your decide with who you will have to get rid of.

They tend to pay more and stay longer.This kind of close monitoring only works in landlord friendly states, evicting someone here in NJ for anything but non-payment is extremely hard.