Like I said this vacation / rental for me, is a bit more personal (because I love the Outer Banks) and I am having feelings of letting certain numbers ride that I normally wouldn't in one of my regular investments only because I want to have a place down there.

And we're talking (often drunk) college students here who tend to like to have boyfriends/girlfriends sleep over, throw parties, etc.On top of liability and the difficulty of finding 4 random strangers who are willing to live together, you'll then have to deal with people sharing spaces.

Having disclosures and having a judge care about them when you intentionally screw someone over that says they didn't understand all the paperwork are very different things.If they do that on a regular basis I assume they will go down hard the first time someone does get pissed off enough to see what they can do.These are definitely the sh*t stains of our industry that give everyone else a bad name.

I am specifically curious about how intense the day-to-day management aspects are (or if you have hired someone to manage this), any issues with internet connectivity based on specific professions (I have been warned off photographers and folks who regularly video-conference), along with any revenue-generating value-adds you have employed and rough profitability vs. any other commercial or residential investment properties you have.

That means you go back into them on a regular basis.

Consequently, it's virtually impossible to get to the properties when it's snowing so we try to prepare the tenants to help themselves.If we had regular snow, we'd do a snow blower and clear after the bulk of the snow was done.

I do plan on using more leverage in the future but as of right now I'm not losing any sleep.

Just primed, filled seams with non shrink drywall mix, then put on a very heavy hand trow texture with regular joint compound.

Sadly, I see these situation fairly regularly (of course, you have to consider my business and clientele).

I have also stipulated that we will require information on each of the residents, so we may run our reports as we would on a regular applicant.