If renters have to bring their own stuff, they're less likely to bounce because they'd have to move all their own stuff.)Month-to-month-- Principal, interest, taxes and insurance (PITI). -- You'll keep back maybe 5% of all rents for routine maintenance and another 5% for capX (big expenses like roof or furnace replacement).  

You don’t necessarily need to be local but there are also misconceptions and rules to follow:https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals

I have to move, I lose job, he dies, etc.Who pays taxes and insurance?

What I've seen from watching videos is that the tax court will not believe someone is working 4160 hours. 

I'm glad to hear you've had success, though I think tax liens and tax deeds are different animals.

Jack Bosch and a lot of the land flipper guys who teach it like to have their students buying in the high deserts and remote areas of the Western US  or in FLA like le High Acres etc. this is were cheap land is and land that gets traded constantly at tax sales.. the play for most of them is really simple.buy at tax sale or with direct mail.. for a few grand  re-market them for more and sell on terms and collect monthly payments.. 

They get the use, ownership, tax advantages, maintenance responsibilities, and you get the upside equity if it appreciates.

Owner has paid $40,000 in interest in 2023.The owner is limited to $750,000 in deductible interest.For the purposes of calculating the limited interest deduction, should the total mortgage debt owed be $800,000 (the mortgage on the individual unit) or $1,000,000 (the sum of the mortgages on the individual unit and the owner's share of the underlying mortgage)?

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Taxes are almost always the largest selling expense you'll face and can very quickly kill your investment's efficiency if you don't manage them intentionally.