I didnt read through all of this thread - however I have done the same when the stock market was tanking -- the company fund my employer was maintaining managed to lose no money so that was a plus -- however I was tired of the consistent 0% return and took a loan out for some investment real estate.It might vary from company to company on the terms - however I'm sure most is set by the IRS --- what I've found out is that you can take out the max of 50% of the value of the 401k or $50k whichever is less -- 5 year payback period for anything other than the purchase of a primary residence (they will give you a 10 yr payback period on that)   One caveat I recently learned about on the $50k max loan -- is that when you look back the trailing 12 mos, you can have had no more than $50k outstanding.SO maybe this will make sense -- I used my 401k last year as a temporary short term loan - needed cash quick to redeem a property - so took $30k out to complete the purchase in cash when partnered with others funds.  

I have Section 8 renters and they mow the yard, and maintain it-it's in the rental contract I used.There isn't a sprinkler system so they need to water it too.

If you think it's easy to maintain a license, you could try it for yourself.

Many policies require that you adhere to municipal guidelines and may have specific instructions for signage, maintaining safety equipment on the premises (life preservers, flotation ropes, etc.), and could even require the pool be fenced or a certified lifeguard be present when the pool is open. 6.

The AC unit I'll admit is not brand new, however it was in working order and has been serviced regularly to maintain it and make sure that it is not in disrepair.

There are still tons of people who will buy or rent within an COA/HOA because they like that the who community will be maintained to a certain standard, the cost of shared amenities is spread out, there is a management company who will handle all the maintenance items on the exterior of the unit for you and usually budgets for replacement of items.The cons of a COA/HOA is that they require an application/approval process. 

If so, how much management company time will have to be devoted to setting up and maintaining electronic mortgage paying accounts for all of these customers?

Additionally, item (2) in the estoppel states that the existing lease is maintained in full force, and the tenant write "N/A" to any modification, exceptions, etc...Its my understanding I'm required to uphold the lease terms.Any advise is helpful!

Or the property's ability to maintain value in a downturn?

Yes, there is something to be said about preventing repetition and maintaining continuity, but to me that is outweighed by not having to scroll and scroll to get to the last post and scrolling is much worse with the redesign.