I own regular apartments as well and I've found that I don't spend any more time managing the rooming house than I do with regular apartments. 

I wrote another post last week, and will continue to do so regularly to chronicle my parking experience. 

I lived in SF for 8yrs and am out there regularly (including next week).

@Walchli DonnaIs this where you take a line of credit and use it to pay your regular mortgage but put all your deposited money into a HELOC?

Properties meeting at least one of the following criteria will not be eligible for Citizens Personal Residential Multiperil coverage:Rented to guests more than three times in a calendar year for periods of less than 30 days or one calendar month, whichever is lessAdvertised or held out to the public as a place regularly rented to guests

His hint was that it is the responsibility of the contractor and PM to make sure it is secured as they knew I was not in town on a regular basis.  

Is there a regular schedule for the meet up?

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

Years ago, when I was in the retail leasing phase, I was regularly presented with this sort of nonsense and consistently refused to sign.

You don't have the benefit of maximizing cost segregation, long term capital gain, 1031 exchange, refinancing / lending, passive income vs regular income, etc.  3.