By establishing a set return of $600/year, there is no ability to adjust that number to future inflation.3 - Now, the big one. 

My tenants called the City to try and get it adjusted, and they pushed it onto me.How would you handle the situation?

Well-intentioned, but there’s some uninformed advice here and misunderstandings about what can and cannot be adjusted.

@Jake Thorpe, I would seek out a good public insurance adjuster.

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

I recommend you do this annually to adjust for utility increases and other variables.

However, you need to consider: - **Future rent increases**: Can you adjust the rent to help cover potential repairs or property management costs if you’re managing from afar?

I really wouldn't do anything different rehabbing/flipping late in the year, except maybe adjust my underwriting.

However, you will need to adapt and adjust the plan as you grow and learn more.

Should a "Crash" does happen, just adjust again until you figure out what is working and move on, adjust, etc.