Plus your time to create and send statements and tax forms...

Possibly if the basement is not accessible somehow from the other units, potentially you may need to create interior access between units, but theres probably access somewhere, just may nesseciate removing locked door. 

The best is when they move in and immediately begin making maintenance demands for things they broke themselves, or because some man they lied about not being on the lease is living there and broke it, or one of their endless supply of children broke it  and it's like you still owe like a grand from your deposit maybe don't take such a tone when you fuss over maintenance issues you created in the first place - but God forbid you withhold whatever pithy deposit they did manage to cough up for damages because they go full throttle Jerry Springer guest in 2.2 seconds. 

And I assume they will allow poorer individuals the tax credit too, not just folks who can afford the $5 latte but are living in their parents basement.

I'm curious if anyone has created "digital guidebooks" for their STRs? 

And since you are investing to make money and not because you "love" one versus the other, you need to understand the headwinds and opportunities that could create outsized returns for you.  

For instance, with a conservative estimate of 1 month of vacancy per year and 1% of the property value in annual maintenance costs, you could be looking at an additional $2,000+ in costs annually, not to mention the effort and time involved in managing these issues from afar.With all that said, real estate is worth the effort but not all deals are created equal.

When people show up for an open house, and they see other people touring the home, it can create a sense of urgency to apply.

This seems easier with meals, hotels or rental cars where there is a per day cost that is easily calculated.Also, not to create an awkward situation, but it seems you both have a different take on whether the value of reward points are deductible (I spent ~21,000 points on Southwest and the ticket purchase would have been ~$250). 

It’s all about creating win-win situations!