No more managing tenants, vacancies, maintenance and the managing the manager (who is a $12-20 dollar employee who's compensation structure us not aligned with your goals) By passing the control of the day to day operations to true experts who are literally partners (direct alignment of compensation and motivations), you can assure the investment is being optimized while you spend your time on what you want which is 1) making more money at your day job, 2) spending time with your family or 3) finding that one off deal that you want to do one your own while pairing with a Limited Partner strategy. 2.

Someone likely has (or had) the right to use that strip for ingress/egress... only way to know is to read the precise language. 

In some areas you may be dealing with local law too like in California there are LA county laws on rent control and Chicago as well. 

Virtually, no business has books so-organized that they have that much control to manually manipulate their tax bracket by giving money away.A few years ago, my plumbing, heating and construction business was doing about $7 milion per year and my rental units bring in about $4 million.

Both structures can provide checkbook control.

FL HOA are some of the toughest around, meaning old people are in control of them and they like what they like, so even when the bylaws look Airbnb-friendly, the reality is not always the case, depending on the area and development.

It's shared rooms but controlled by the hotel instead.

Pro-tip:Alongside expanding their market, his company also started doing some of their own organic marketing and taking more control in house, working out new marketing systems.

I know that it's not scalable, but that's one of the areas I have trouble giving up control of my business. 

@Mallikarjun Reddy Pateel thanks for the question...curious to see some responses.My prediction with these virtual management companies is they evolve to control the industry, or fail miserably and take all their clients out of the investment industry when they fail...they are reactive management, and that is recipe for disaster...who is walking the property every quarter to make sure the gutters are not clogged and backing up into the basement, destroying the foundation...or interviewing tenants, and keeping rental increases regular...are they actually addressing tenant needs?