Fortunately, my career has enough flexibility in my schedule to avoid interfering with work.

Not to mention... you are much less flexible when you buy a primary residence. 

You have to be flexible and look to help residents get in what rent they can when it is due.  

Having them covered in an umbrella policy also allows for way more flexibility as there are certain things you can and cannot do through a LLC ownership scenario.Personally, I believe LLC ownership is best for out of town owners who are barely involved with the property and higher out property management.

Having them covered in an umbrella policy also allows for way more flexibility as there are certain things you can and cannot do through a LLC ownership scenario.Personally, I believe LLC ownership is best for out of town owners who are barely involved with the property and higher out property management.

Also see how flexible the current lender is, maybe make them current and renegotiate current terms. 

If you are buying in cash, you have a little more flexibility.  

Assuming, you have the flexibility to define your project as an "addition", and still accomplish your goals- you would be exempt from school fees, developer fees, sprinklers are still off the table etc....   

So the less you have in the house the more flexibility you have overall.

If they are going to service it that is where the flexibility comes in.