As to the long term economics, we'd go on natural gas if we could but the lines don't come out here so I switched from propane to electric heat pump + fireplace a wile back (Ohio).

Need some tech help.I do a number of deals with partners and often share my rental analysis proformas with friends, partners, ect.One thing that is driving me crazy, when outputting your rental calculator inputs into a PDF, the program picks and chooses which outputs it automatically switches to all lowercase.For abbreviations this is really frustrating, and it causes my outputs to look less professional and not well put together.

Look at your risk vs. reward and what safety nets you can put in place to protect yourself (I.e. tenants with garnish-able wages, increased security deposits, etc.).

But are you making sure you can quit claim the deed into a llc to protect yourself? 

We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Either you are making a good profit and therefore covering utilities or not.Electric runs with the tenant- absolutely no reason they should not switch it over it is a 5 minute, at most, phone call.

Just pay the downpayment for an investor loan if you have to.I'd be surprised if you couldn't switch over to a STR on one side after a year.

An LLC does not give you any tax advantages, more liability protection than anything, however, in a loan scenario, you are not on title and therefore do not have any liability exposure to my knowledge.

I have the nest egg to start but I just switched careers.

If the opportunity comes to switch Into tenant’s name, go for it.