We typically employ a week-long trial period during which we'll give them a single project (e.g., making 10 seller calls, or posting 3 houses for sale on Craigslist).We make sure to provide detailed instructions and give them crystal-clarity on what successful completion looks like, and then we turn them loose.At the end of the week, we'll assess their performance.

If you are more interested in growth, and not interested in cash flow, equity multiple could be the focus, if you couple that with hold period timing.There's no absolute answer that covers everyone, but what IRR does is it takes into account the amount of cash flows, the direction of cash flows, and the timing of cash flows to quantify results that you can then compare to other similar options. 

Pics are below.My question is how do I get this paint off the walls in a quick and efficient way.

He then added, with a 1% annual expense ratio that most advisors charge, that return over the same time period would have been cut in HALF. 

Not to expand on the "family dynamics" but I would personally be concerned about having to deal with family requesting access to the property for periods of time as well.

But it’s always good to know the rules so that you can execute your plans more accurately and efficiently.

I am just gearing up to be a long-distance landlord and want to make sure my process is as efficient and all-encompassing as possible. 

It's also important to keep in mind that every additional rental property you own is another potential source for legal trouble, so if you grow to a certain size, it's almost inevitable that some tenant will get a valid reason(such as falling through a porch you didn't know was recently termite infested) to sue you over a 10 year period.

Look at the data over a long period of time.

Initially the profit was not that much higher on the STR than if it were a LTR and we had periods (including the Great Recession) were we converted back to LTR during the school year and only STR during the summer.Today the STRs are virtually 100% occupied year round and bring in significantly more than they would as LTRs.