Requirements will still be the same though - past relationship, understanding of investments knowledge/accredited status, etc.

I have a good relationship with the neighbor across the street and he let me know that the people in the house next to my rental have been driving through my yard to park their truck in their yard. 

@Jake Parks - If you're pooling money together and providing a return for people/there is an expectation of profit for someone else and that other party is not involved in the decision making/management of the deal , then you are creating a security and the answer to your question is a resounding yes.The big thing you have in your favor with partnering up with family and friends is that you have a relationship with these people already and that's the biggest thing that the SEC is looking for.

This may be something that is necessary in extreme heat with elderly tenants and/or children present.As always, you need to consult your lease FIRST as it is your road map for the relationship with your tenant. 

As many of you probably know (and I just learned), proof of a consistent flow of income from the same employer for 2+ years is extremely important when it comes to receiving a loan (regardless of my excellent credit score and lack of debt). 

I am 18 and don't have money to spend on getting a pro account so I am making my own calculators in excel. 

This would not only allow me to acquire the property without paying interest on a loan, but it would also create a more solid business relationship with an already great mentor in the industry.Has anyone attempted something similar to this? 

But the after 1 year value isn't making any sense to me.Just logically thinking, the equity after year 1 should be the Initial Equity + Principal Repayment which I am using the Excel Formula PPMT to figure out.If anyone could provide some help with this I would greatly appreciate it!

     I'm looking to compare notes with other high occupancy vacation rental property owners seeing excellent returns, in an effort to find a new market or two to expand to. 

I spoke with the tenants and already have a good relationship with them...what I do know is they're seeking security deposit x 2 (plus attorneys fees I'm sure when they realize how much they are).