It's guaranteed that at least the baby daddy will live there, possibly an entire additional family.People from some cultures/ countries have no problem putting an entire family into each bedroom.As noted above, it's impossible to prove occupancy.

The clients who we prepared taxes for were individuals who were wealthy with high net worth.  

Everyone wants to be wealthy and free, yet most aren't willing to take the steps to get there.

On the other hand, I know a few people who have become quite wealthy with some really rough mobile home parks and I am talking ARV 25K places - units that actually never become "rehabbed" beyond the point of putting asses in beds.

I am not sure if that is a norm or culture in philly, but I have proof if anything goes wrong like tenant(s) can claim that they never agree/accept to move out or they can simply pay rent again/ sure me for any damage because PM/I am not authorized to go in/clean up the property while the landlord and tenant relationship exists. 

I know I'm will be giving up future WEALTH.  I

Perhaps a market you have some extra cultural interest, fish ,golf ,lake ,opera ,nascar, gamble ,food etc.

It's an almost universal strategy of the wealthy to separate ownership from operations.

Learn a little about the culture/lifestyle and notice the skill level and work ethic varies greatly between the countries.

Although there is a cultural gap, the tradition here is for multi-generational family sharing of a single property - so you may have 3 generations in a T3 rather than strangers sharing.The numbers look great on this with the cash-out.