Two were caused by humans.

However, I have two types of clients that relate to this scenario: 1) The client who is over protective, and puts each one of their rental properties into its own LLC/Trust and 2) The client is who focused on simplicity, and puts all rental properties under the same umbrella.Neither one is right or wrong, it just depends on what is important to you.

Two sponsors can structure their syndications with identical assets and execute the same way meaning the underlying real estate will perform the same but sponsor A uses 50% bank leverage and invests no capital into the deal whereas sponsor B uses 75% bank leverage and invests 10% of the committed capital.

Most get bid up too close to full retail to be worth the risk but every week I see one or two properties go at a bargain. 

We have two long term rentals and an ADU in our back yard. 

The fees are all flat and range from $20 to $50 per violation.Rent Late Fee ($50), NSF Funds Fee ($20), Guest Fee - for guests staying more than 14 days ($5 per day), Unauthorized Occupant Fee ($50), Unauthorized Pet Fee ($50), Smoking Penalty Fee ($50), Smoke Detector or CO Detector Tamper Fee (Up to $200) [we charge $50 first time, $100 second time, $200 third time- this is allowed by our state law], Posting Fee - for posting legal notices regarding lease violations ($20).

Loans secured by two- to four-unit properties, investment properties, or second homes are not eligible. https://selling-guide.fanniemae.com/Selling-Guide/Originatio...However, there is NOT a state law against it but because of the above most lenders even if they are not selling to Fannie/Freddie do not allow it.

Two important points date the letter and the itemization, send certified or trackable mail.

two income streams for one sfh.

Unless you're a full-time experienced flipper, I would recommend targeting one or two markets that you are very familiar with.