It's almost the same return, but with no headache of dealing with tenants.And yes, i presented an unrealistic scenario.

Tyler- This might be a different direction than your original question but an opportunity that is presenting itself that we are seeing is investing around the "new" downtowns that many rural communities are building. 

Unless you plan to pay cash for your properties, get pre-qualified for an investor loan, so you will know how much credit you will have access to.The end goal - This is usually something like $10,000/Mo. income, in present value dollars.Time frame - The shorter your time frame to reach your goal, the more initial capital and credit you will need.Your plan does not need to be complex or in any specific structure.

I was wondering people's thoughts on the idea, and tips from anyone who has made this method work in the past/present.

Besides the obvious that a lot of you have written down, allow me present a totally different point of view when it comes to rentals..I see a lot many investors on here showing how they got a house rent ready for just $300 dollars... and they proudly show the before and after pics, and if that is you, hey ... you do you.

We do about 45 minutes of presentation with question and answer and we network in Zoom rooms afterwards.

So, my question here is, when looking for rental properties this winter (or longer if the arrangement is right) and now searching for place to also use as passive income, how do I present myself and my idea to owners? 

If the policy is in your name but you are not on the title to the property it could present a problem at claim time. 

It presents a very unique opportunity to detach it from the city limits to remove undue restrictions that have affected the value and use.

I come from a project management & process improvement background (Lean Six Sigma Master Blackbelt, PMP, Stanford Certified Project Manager) and have applied the lessons I've learned implementing SmartSheet solutions in a fortune 100 company to my own real estate investments and have found it very helpful.Example SmartSheet Capabilities:- Dashboards with charts and reports- Workflow notifications and approvals- Formulas- PDF automation- Gantt chartsUse Case Examples:Deliveries - Given that I'm not physically present to receive deliveries I need to ensure a smooth handoff to the individual receiving the delivery, ensuring the furniture/appliance/amenity/etc. is in good condition, and staging it.