One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.

@Caleb Rehg Here is a post I created on student rentals.

You're absolutely right—positive cash flow from rentals can vary significantly depending on factors like property costs, financing, and the ever changing market conditions.For real estate the challenge isn't just accumulating properties but creating a framework that builds net worth more strategically and sustainably.Cash Flow can be generated in many ways, my intention was to better understand the investor mindset and their approach, if they wanted to share.Based on your example, if using conservative calculations at $100K/door, you would pay $20M for access to $40K/month. 

Now the tricky part is creating your underwriting standards and system.

Park Place Communities, LLC etc.) are created in Wyoming (and the address is a registered agent).

Be aware that 5 levels of membership can create divisions within the ownership group because the same investment at any point in time can behave differently for each class of investor, so motivations may not be aligned. 

One thing that’s helped me stay on track is creating a timeline as soon as a deal is under contract, mapping out every key date and task.

@Tim Holt Come February, it's legal to create an ADU by-right on any single family property in the entire state.

@Devan Praska I do not have a manual for my tenants but have created a manual for each of my properties in the event that something might happen to me and someone else would have to take over the management of them.