In this case, I guess AirBnB or VRBO and they will wire the money to the owner directly.If anything happens to the property, who will come to the site and deal with the issue.If something breaks, who will be responsible for the damage.For taxation, it sounds like your investors file Schedule E for their tax returns.

After entering the house at the request of the tenants for some basic maintenance I find cigarette ash trays, hookah pipes and water bongs. 

@Christian E Ball - When you are in a tight market, you need to get creative with your marketing to potential sellers. 

Take a look at Schedule E of the tax return. 

If your strategy is to re-zone the parcel and change its use to higher density usage than you may have needed to demo the home. 

What can be deducted- prorated expenses based on the square footage of these expenses or other reasonable method (usage) can be deducted:  Mortgage (If you use these expense as home office deduction, you cannot take the same portion of the expense as itemized deductions.)

But I do love driving my Jaguar E-Pace...fun to drive but I wouldn't buy it.

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So you I and E of Income Cap should break out like this ..Note I left our Electric, heat, and fuel.

I know opinions will vary based on personal style of management. 1) If you've had this issue, any suggestions to improve usage?