I'm just thinking of worst case scenario where there is fire and tenants can't get out due to temporary missing egress on one side. 

We were wrong and though I did not sit on the sidelines (thank goodness), anyone who did missed on on 4 more years of growth in the market in just about every location in the US.

Then net rent less the 16% management fee that then results in the "payout to Homeowner figure", followed by the rest which is already included in the existing breakdown.Question:It seems there are a lot of expenses missing from this payout stub that I can take advantage of and write off.

What am I missing? 

The City used google satellite images to go as far back as 15 or 20 years to "prove" that all those trees were "missing" compared to earlier pictures.  

If we rented and held the property long term we have plenty of room to build out the modern duplexes that seem to be getting built everywhere around us.Wanted to STR this house but the city has a limit of 60 days and all kinds of other rules so that is out.Have checked and can long term rental.Let me know if I have missed anything to help address this. 

I am very new at this- am I missing something??

If you increase it a lot, you risk a vacancy-and in this case to up the rent you'd also have to do renos.You are also missing info on the size of the units (beds, baths).

I call it, "The Blind leading The Blind", or maybe one person in your group is a genius who has terrific real estate experiences, is knowledgeable about every facet of real estate, is a workaholic and the others are brain-dead 24/7 beer-drinking zombies. 

But sometimes something has held me back, timing, money, other things in life from buying something and down the road I’ve realized I really missed out.