Your guests 'may' miss some of the amenities, but the hassle of fines for speeding/registration, the yearly fees, the calls from the admin office that your guests are partying naked in the street, or spread trash everywhere, just aren't worth it.

In this case my seller wanted to stay in the building through the winter, which was fine as I’m not quite ready to Reno it yet, and she wanted to move her daughter into the upstairs unit when the existing tenant moves out November 30 which I negotiated a little as there is some electrical work that needs to be done first.

Above ground tanks are fine because they can be inspected easily.

The "how" of what your doing would mostly be a question for your accountant or yourself if you have a preference on how you view your P&L's.Your tax liability (again not an accountant here) stays the same if your income goes up the same amount as your expenses. how you are doing it now is perfectly fine.

They seem to be doing fine, but I’ve only had it for a year. 

If you only have a few units, then Zelle and Venmo work just fine...As your portfolio gets bigger, then the other features on the bigger sites come into play.... until then, don't overcomplicate it...

If you want him out, then fine, agree to release him from his lease.

I wouldn't be mad if there wasn't any though (as long as the cash flow is fine).

I really don't care if they are fine with this.

@Chauncy Gray, 12% CoC ROI is fine, especially for a first deal.