I prefer written modes of communication as it's nice to have a written record so you avoid he said & or she said situations.

. | Courtesy of Key Source PropertiesThe Planning Commission didn’t favor the most drastic option — prohibiting non-owner-occupied short-term rentals in residential areas — but the commission did recommend that Louisville Metro Council approve several other changes to its short-term rental ordinance, commonly referred to as the Airbnb ordinance.The suggested changes include:Increase the annual registration fee for short-term rentals to $100 from $25.Require hosts to post a copy of their city-issued registration near the entrance of the property so that it is visible from the exterior.Require the host to provide their name, telephone number and emergency contact information to adjacent property owners.Have a licensed fire prevention inspector or a home inspector inspect non-owner-occupied short-term rentals to determine any safety issues.Require non-owner-occupied short-term rental hosts to register their rental within 60 days of receiving a conditional use permit, or the permit will be null and void.Permit the city planning director to deny short-term rental registration to any host who has had his or her registration revoked within one year of application for the new registration.

In my model I build out cashflow + loan amortization so i can see the "total" return on investment. 

If they are 40 watt fixtures, that means the dimmed ones are only using 4 watts when in standby mode.

This is defined as something that would not pose a financial, administrative or safety risk.

I stated that for the "quiet enjoyment" for other tenants (32 unit apartment) and safety for them as well.

This model is usually considered a poor business practice for managing.

That model is available to you very easily.Even if you go ahead and reinvest you're still taking cash off the table and eliminating tax forever.

Once you establish what your business model is then following that and avoiding shiny objects is  your one thing.

I partnered with my brothers to add a bit of a safety net as well.Fast forward to today - my wife and I and our partners now own 36 units.