For me, the benefits that make it worth it are...1) Credibility with sellers, buyers etc.2) MLS access3) The option to list the occasional property if I want and earn extra cash through a comission4) Not having to rely on a realtor for  realtor related tasks like gaining access to properties for sale.

I hate checks, but I still run into the occasional vendor that doesn't accept ACH transfers, debit/credit cards, Venmo etc.

So you might occasionally find me at the local airport wrenching on something or working on my student pilot license.So hello to all!

Occasionally I'll find a property that has enough equity but needs to be rehabbed and I assign it to a fellow investor for cash or I take it on myself as a rehab project if it looks like a super deal.Occasionally I'll have a Tenant Buyer choose not to complete their Option Agreement and I wind up reselling to another Tenant Buyer for the same Option fee and same cash flow or Selling as a Turnkey like the two that have just become available.Sometimes I do training for a yearly fee and other times I do a Joint Venture depending on the student and the state.

There’s some peace of mind knowing that you can occasionally do some things yourself if you want to.

Once I reached my number in cash flow I would start paying down some of these houses, but I still would buy the occasional house if it met my criteria.  5 houses with no mortgage would be more than enough for cash flow.  10 houses if they still had a mortgage. 

Does it really provide any protection because of the blurred line of whether you are acting as the owner, or the property manager?

Absolutely. (1) saved a huge amount of money from not having to pay another broker to list my flip properties; (2) I can do property management for my rentals using my brokerage (3) gives me access to hard data to analyze potential investments (4) easy to make side income (commissions) by occasionally listing another investor's property.

He has permission to arrange repairs, up to 1000.00, collects the rents and makes the bank deposit, does some lawn mowing, the park owns the mower and occasionally does minor repairs himself, particularly maintaining the riding lawnmower.

I have had the occasional problem of one guest doing laundry until 4 a.m. and the other guest was kept awake, but by and large it was a huge success.