Once you get your systems down, you have a real estate business that you can take anywhere and be still be successful.

There were a few important tactical and operational details in the single family business model that I either did not know or overlooked.

You are not entitled to business deductions.

I've been too busy rehabbing my 3 unit apartment building to really focus on anything else.But nonetheless, I have been keeping up with my less-than-professional deal pipeline.My first question regarding this involves raising capital to invest in deals.

What most fail to realize is the STR model is more of a business operation whereas a lender cares about the fundamentals of the real estate.

Like you're hearing, flipping is a risky business.

I would give the tenants the option of moving somewhere else or accepting the situation.As you pointed out, your "therapist" is using your residential rental as a business, which is a violation of your lease.

I am a partner in a mobile home business.

Your contractors don't need to be licensed and the work doesn't need to be inspected.At the end of the day - there is a reason we have building codes and inspections - it's to make sure a quality product is being delivered that will last. 

That said, owner occupants are not business people and often don't make the best financial decision.