Management decisions that are relevant in determining whether you actively participate include approving new tenants, deciding on rental terms, approving capital or repair expenditures, and other similar decisions.To answer your other question, yes if you have a net loss from this rental, it will be passive unless you qualify as RE pro. 

Also, some companies offer education assistance if you’re pursuing a relevant certification, such as your CPA.

Even if the city allows it, the neighbors and news crews MIGHT make a villain out of you.Keep on exploring the option but widen your decision matrix way beyond the 2% rule - which should be customized for your location anyway.

The water and sewer bill will ALWAYS remain in the Owner’s name therefore the ultimate responsibility of the water and sewer bill will ALWAYS fall onto the Owner.See http://www.clevelandwater.com/customer-service/faq for more info.Holton-Wise does not charge the tenants for water and sewer usage because of all the legal difficulties put in place by Ohio Landlord Tenant Law and the City of Cleveland, Division of Water.

QBO is a one size fits all software, but you can customize it to fits your needs.

I would also be able to plot on my custom staircase on the main and make sure it will work as well as I want it to.

On top of it I opened my first "business" checking account and will be seeing some money back from that since signing up as a new customer!

I know there are sites such as cozy, where I think you can pay to get a customized report of recent rentals, but I find looking at the actives helps give a better idea of going rate- 

Lock In effect - folks who have low interest rates are locked in and won't be transacting which will aggravate supply issues further Number 3 is very relevant. 

I almost think this post and just about any comment that could come out of it would be relevant to real estate.