Realistically if you have around $18,000-$22,000 liquid per house and its at least drawing even you eliminate the vast majority of issues people run into with over leveraging.

BUT, know it's overkill for the vast majority of persons.

Overall, the City of Montgomery is highly focused on attracting large companies to its' vastly diverse and well trained workforce.

Quote from @Stetson Oates: The vast majority of disputes are over security deposits and the most a landlord could lose is 3x the deposit amount.Slip-and-fall or other major lawsuits almost never happen.

A 50/50 split, while not uncommon in the world of flipping, is very sponsor friendly, relative to the typical syndication which will typically start at 80/20 or 70/30 splits, with a vast majority of proceeds going to the LPs, along with a preferred return that gives them 100% of the cash flow up to a certain annualized return metric.  

Except in very specific markets, condos are a vastly inferior investment to a stand-alone dwelling.

With that being said, I probably only deny a couple of requests per year and the vast majority of guests are great!

It looks so wide and vast, I am overwhelmed and don't know where to start.

I do this because of vast interest + kids to leave this to & show.

Furthermore you can vastly increase your returns through leverage using a non-recourse loan but that will definitely trigger UBIT but again the numbers can still make a lot of sense.