Vacation rental may not be the best investment for your 401k, and because you can't manage it yourself should you live your money in the mercy of the stock market or in the money market account losing it's purchasing power to inflation?

Here are the laws in regards to this stuff.4735.01 [Effective Until 3/20/2019] Real estate broker definitions.As used in this chapter:(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:(1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;(2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;(3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate;(4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;(5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants;(6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;(7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;(8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;(9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

Either the hot water heater is on the verge of failing or someone turned down the temperature at which the gas or electricity kicks in to reheat the water.

Typically an oven would be an issue for code enforcement in basements whether it's gas or 220v electric. 

My multi-families that have separate meters pay their own electric/gas and I pay water, sewer and trash.

Listen to Podcast #301 - The Incredible Power of Long-Distance BRRRR Investing with Alex Felice. 

Have considered installing an electric hot water tank for each of the units?

Electric: I recommend doing separate electric panels for each unit.

If the inspector comes back with "you  need to get an electrical inspector to certify the elec and a plumber to certify the water heater and a roofer to check the roof, I wouldn't pay him, he or she didn't do their job. 

Today I want to talk about a great lesson that I learned as I had more experience under my belt.It is the power of not having a wholesale every property that comes through my funnel.When I got started in this business, I only had one exit strategy...Assigning.I love this assignment strategy and I still do this a ton today.However, after accumulating some experience and capital, I can now say that having more than one tool in the toolbox is extremely beneficial especially in competitive situations.Here are three tips on why it makes sense to not wholesale every property.Tip #1 YOU CAN MAKE MORE MONEYMost of the time, you are going to make more money if you close on the property.