@Peter Sanchez Thanks for the replyI plan on using it as a house hack (so I'll be living upstairs) and the house is a semi attach home (share one wall). 

In-laws will be living in a bedroom (it is a 5 BR home) and will be sharing kitchen and family room with us.

Is anyone willing to share sample scope of work or have a template they can share?

Good luck.Thanks for sharing your insights. 

I'm basically saying the city doesn't have the personnel to go after anyone unless there's a complaint, then when they do they're citing a statute that flatly doesn't say 7 days is the minimum unless you ignore (they do) the fact that language only appears once in the code which is in the definition of a hotel in neighborhood limits. 

The agent initially shared a strategy to price low and let the demand drive the price alternatively they also suggested that they can market to their select clientele and sell it off market.

Could anyone share their experience or advice on when is "too low"?

Happy to share a neighborhood graded that I created with a few other agents.

for some reason REITs have never been a sexy asset class, older investors look at REITs as a weird-bond and wonder why own something with 4-5% dividend when they can own Investment Grade corporates at 5-6% or even recently US treasuries at 5%, and young investors don't even know what they are.yet they acquire class A real estate, the kind you and I can't due to price, the kind that has the best capital appreciation in great areas long term, and they have access to credit at lower rates than us, or they can just print shares and get new capital for free that way, to buy more great properties, They can pay for the best management, they don't ever pay brokerage fees either in or out (have everything in -house), and they generally have much lower risk as most of their portfolios are leveraged at only about 30-40% LTV, and we have zero personal liability when owning them as opposed to the litigation headaches we get with direct RE, and right now they collectively are on sale about 25-50% below their NAVs at lowest valuation since 2008, as opposed to SP500 at all time highs.

Otherwise having the tenant setup billpay with their bank (which would mail you a check) is still really common, too.If you want help setting up a spreadsheet also feel free to reach out, my colleague Fred is managing units himself with spreadsheets while I'm building software, and we can share his system.