Therefore , I take all measures to avoid it :- Encourage the PM to get me a long-term lease and willing to do price reduction for that .- Make sure PM takes good care of the tenants. - Prefer families w/ kids in desired school districts ( how often will they want to move ?

South Lake Tahoe residents are going to vote on Measure T, November 6th, which would BAN most vacation home rentals in the city.

There's no real 'fair' way to truly separately meter the natural gas used for the different units, unless you get into rabbit hole land of re-inventing a wheel and a series of sensors measuring heat and air flow within separate ducts, on your (customer) side.I'll comment on each option individually and your decision will be numbers driven. 

In that case, you need to measure the likelihood of getting another tenant at your over market price vs. getting one at market rates, if that is what the tenant wants to pay.

Otherwise, I think you're wise to measure the return on investment associated with renovating your units.

Take your measurements and price around.

Real estate adds responsibilities, and you should move forward cautiously, measuring those responsibilities against your income.

Something else to keep in mind is a LLC does not provide absolute protection so you still need to take other measures to protect yourself like insurance, umbrella insurance policy, trusts to help further hide your identity, don't use your name and home address as the registered agent for the LLC. 

I get calls all of the time from agents who have buyers that want to "Just measure the curtains" or "Wanted to see the Basement again to see if a pool table will fit" or "want to count how many energy efficient light bulbs they need to buy" or "To see if their camper will fit in the garage"The answer is always the same "I'm sorry we are unable to accommodate that request due to everything going on at this time".

Bring a measuring tape?