So even if they last 30 years and could have produced double their cost.

We resolved them by constantly reminding each other about the bigger picture (the profit we can make and how we can scale) and having full transparency.

I also make it clear we will record inspections with pictures or video.I don't address hoarding specifically.

double check your outlay of costs on arbitrage. you may not be paying to buy a property, but you will have to furnish it, carry insurance, and pay the owner their money too. and at the end of the day, the owner can stop your "business" and take it off the market or sell it at any time. 

Leaning towards short term rentals to start then transitioning to long term for less stress over time.My goal is to have 'passive' income equal to double the national median salary.now my questions for yall.1. does all of the above make sense?

That is where RE comes into the picture.

I will be there, although can not make to this Nov. meeting.If you are in the KC area on the 10th of December, join us at the MAREI meeting at the Double Tree in Overland Park.

I just wanted to double check before I escalated things.

I simply take a picture, text it to the tenant and they add the payment to their next month’s rent payment.

The first being - don't bring your friends or family into the mix :)Since it sounds like you're pretty solidified in your friend moving in, and it could be a good first roomie, so just to get your feet wet... i'll double down on Laura's advice - do a lease, for the legalities, but i also highly recommend some sort of written (we call it a) Room Mate Agreement.