Since I don't smoke and would not meet in person in an enclosed space, I didn't attend that one, but usually I see about one or two such meetups posted on BP a year.

Even when I tried to manage the expectations and explain the differences, meaning, cleaning is once every 4 days, there's a LIMITED amount of towels, etc... but they are calling CONSTANTLY asking for favors...And in the end they argue about EVERY DETAIL (water not hot enough, room not dark enough, bed not confortable enough). 

Oh, I forgot to mention that the dark blue boxes are the fields that require inputs to spit out the final numbers we care about.Here are the assumptions we make:Purchase Price: $485,000Improvements: $3,000Interest Rate: 2.6%Downpayment: 3.5% (this is the downpayment for an FHA loan)Vacancy Rate: 3% (usually 5-10% but this was an area of Boston that is almost guaranteed to always be occupied) Total Rent: $3,000 (this isn't an assumption - this is what it's currently getting per month)Here are the related expenses:Taxes: $2,500Insurance: $1,700Maintenance and Repairs: $1,000CapEx (Reserves): $270/moPrivate Mortgage Insurance (PMI): $500/moNote for PMI, this is only paid until you have 20% of equity in the home.

I have had friends where the GP goes dark and they don't know what is going on.Understand the deal and its numbers. 

Will 1/4" sheetrock over plywood work to block smoke?

There was no smoking in the lease.

From gutting the place right before peak COVID and the lockdowns and having to push through the extensive full-gut reno… To finally finishing the 6+ month long rehab and having to click the reset and start over (two weeks out from renting the place) thanks to severe smoke/soot damage from a neighbor’s house fire.

I focus on the fee's and costs, as at the end of the day, the rental agreement is helping protect you from damage, theft, smoking etc.

Check for smells, smoke, standing water, spraying water, anything out of the ordinary.I show up at the unit and find out that the boiler room pipe is spraying water. 

Check for smells, smoke, standing water, spraying water, anything out of the ordinary.I show up at the unit and find out that the boiler room pipe is spraying water.