Year1 Gross income $ 24,000 less vacancy $ 1,200 Total Operating income $ 22,800   Prop Taxes $ 4,237 Insurance $ 2,145 HOA $ 1,128 Maintanance (from gross income) $ 1,200 prop management $ 2,387 Total Operating Expenses: $ 11,097 Net Operating Income (NOI): $ 11,703 less mortgage expense: $12,835 Annual Cash Flow: $ (1,132) Monthly cash flow: $ (94.34)

In Texas PMs need to be licensed and being a Realtor VS being just a licensed real estate agent does carry additional operational requirements.  

Wholesaling is a hands on business, so it won't qualify, bottom line you can't run day to day operations of the business.

You are not subject to rent controls if you operate 1-3 units in the District.

However, Asia Pacific office markets will be more mixed.Retail | Retailers and mall operators are adopting new “placemaking” strategies to compete with e-commerce, which combined with stronger consumers, should stimulate more demand for retail space globally.Industrial | Robust demand from e-commerce and third-party logistics companies for warehouse and distribution space—including for smaller in-fill locations within major metros—will continue to reshape the industrial market.To download the full report, go to http://corporaterealestategroup.com/2016/02/14/cbr...

There are also tax advantages running your operations as a business but it could mean more work for your CPA (and you).  

Numbers are below.Monthly Rent Unit 1: $675 (hasn’t been raised in 15 years)Monthly Rent Unit 2: $995Monthly Rent Unit 3: $1,035Monthly Rent Unit 4 (my unit in which I rent out the bedroom): $650Total Monthly Rent = $3,355Monthly PITI = $2,862Monthly Utilities = $208So that leaves about $285 per month for repairs and other operating expenses.

You need operating expenses to do this.3. 

Originally posted by @Igor Tomic:The owner of a duplex is facing a number of charges following a fatal fire over the weekend.Under the fire code the landlord is facing two charges for not having proper smoke detectors and two charges for failing to have proper carbon monoxide detectors.He’s also facing a charge for improper fire separation and another charge relating to self-door closers not operating. 

All of this case law could be applied (at the Federal level) in considering what constitutes an unacceptable delinquency rate for loans made on primary residences if the courts agree.Any operator, no matter how small, should be prepared to defend their delinquency rates, and to work smarter and more effectively at decreasing them.