i really think it's that simple.and, for me personally, if i have long term tenants that have consistently paid on time and had no issues for several years, i will usually get them a gift card or something at year 3 or 5.there is no consensus on BP on this. 

I need to turn the electricity on to renovate it, but all of the electric companies I see online have 1+-year contracts.

like - your own market. or a market a couple hours away that you can spend some time in person in. or where you went to college. or where you like to vacation.

I am not a market-timer, and a time in market person so just for folks calling that out that is with this considered.

How am I able to recover my funds at closing without assigning contract? 

Hello Maleek,To insure you get compensated on the deal, you'll want to first get the hotel under contract.

Local and state laws are changing on the daily so I think that the right Property Manager really helps with that but hiring a PM or self managing is always a personal call.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, 'This person began to build and wasn't able to finish.  

You want to be able to select who rents your house and how do you know the person they sublet to will pay the rent and take care of the place?