What is the best option for a landlord policy for someone who owns multiple rental properties(AZ and CA) and has no primary home or an auto? 

Subdividing seems like the best route because you open up the potential buyer pool if you ever need to offload the properties or even a few of them.   

So I have a property I am currently rehabbing.

All I ask for is 30 minutes to an hour of your time to enjoy a meal at a place of your choosing, fully paid by me.Interested?

I'd love to have some lakefront property there but want to supplement the mortgage with some rental income.

This can reduce labor costs, but be mindful of the time commitment.Leverage Economies of Scale: If you're working on multiple flips or rehabs, bundling similar tasks or projects together can help reduce costs by hiring one contractor or vendor for multiple jobs.Prioritize High-Impact Repairs: Focus on renovations that add the most value, such as kitchen or bathroom upgrades, while avoiding over-improving areas that won't significantly increase the property's resale value.By combining these strategies, you can manage rising costs while maximizing your potential returns on fix-and-flip projects.Kind regards,

On the other hand, I have bought numerous properties from absentee owners that paid cash for their investment property here.

Looking to learn about rental properties and how to manage them?

Hi BP,  I know a property owner that wants to sell a property. 

I own several SFH rentals in Kansas City and am a Broker/Realtor and own a property management company.