You stop worrying about having to maximize every month on every rental because you just don't care if you bring in an extra $50; you'd rather have a stable tenant that pays on time every time and doesn't cause you trouble.

I am not sure why is that but you have to be careful on what are the agreement on that contract.In this case, I would recommend to get involved with a investor friendly realtor who will help you as it could be many issues during the process as the titles are not clean in most cases and many variables have to be checked. 

@Justin StearnsEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Rent by the room to me as a bizz model I dont care for personally. too much work.. now owner occ bring in roomates that different or student housing or as other stated crash pads for airlines thats different. 

If none of this bears fruit and you don't care to spend $60,000 you can get a septic system put in for around $6500.

Your lender doesn't care where you sleep ; ) You are technically supposed to use your home as your primary residence for a defined amount of time according to the terms of your loan.

So I make this decision carefully, and most of the time I probe deeply once under contract. 

Take care of anything that seemingly could be hazardous.

A little incentivization is fine, but the market will take care of a need if it is real.Example - look at one of the largest building costs - the Permits and Fees of over $5 mil. $5 million?

I have been a nurse my entire career, So Real Estate is very new to me, I have been reading books, and listening to podcasts and trying to learn all I can, but have no hands on experience, Im a little lost but I'm hoping with the Bigger Pockets Community and their expertise I will find my footing.