Older buildings can be an issue, we had to put some spray foam around the heat pipe entries. 

I will check with my city officials on this issue as they've likely had experience with VRBO and ABB

—————-Thanks Michael,I was actually thinking about the same issue with the capital gain.

The issue with someone porting into your area from someplace else is that they almost never have income when they move. 

You or contractor/handyman come out and diagnose issue and order part.

This is an older home that could potentially still have maintenance issues.

In other words, millions of dollars in the hope that you can get your policies approved in the states you want them issued.

The ordinance may require a permit to be obtained for the creation of a junior accessory dwelling unit, and shall do all of the following:(1) Limit the number of junior accessory dwelling units to one per residential lot zoned for single-family residences with a single-family residence built, or proposed to be built, on the lot.(2) Require owner-occupancy in the single-family residence in which the junior accessory dwelling unit will be permitted.

I’ve also managed units where on our renewal rate we did reduce the rent from the prior year, but for other reasons, such as the prior year of the tenant having a washer and dryer, and a major plumbing issue with the building, preventing us from offering it the following year so we did a reduction.

I would rather have 4 Class A properties than 20 Class C properties (20 roofs to replace, HVAC, more tenant issues, property management fees, AC unit stolen, etc).Wealth from real estate is built on appreciation and equity - look at all the multi-millionaires in coastal California whose property values have gone up dramatically over the years and our property taxes increase 2% a year from the base value (Proposition 13) compared to other states whose taxes go up a lot.