If natural appreciation is 3%, the home that has a higher value will you net you more over the long-term2.

Usually you want a walk out basement to rent separately so it lives like a separate unit, gets some natural light and has it’s own entrance.  

I also understand a cheaper provider may not pay out as well after a natural disaster but after 3 hurricanes in the last 5 years I have yet to make a claim....

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

I was flipping at the time but I wasn't effected all that much because I didn't chase deals and I was naturally a lot smaller when the crash eventually came. 

The nature of the business is that there will be some sketchy reviews because it is hard to please everyone...tenants often complain unfairly on social media and owners also get mad when the PM follows the law and not the owner's wishes...but...also, bear in mind that reviews do matter...ask your PM to provide you with 2 or 3 current owners and CALL them. 

Great, let's live "beta test" (after letting others deal with the "alpha tests") with a non-time sensitive vanilla W2 / 775 FICO owner occ SFR refi.

Quick math, if you were paying ~$400 per month in oil and now the tenants will just pay direct for natural gas via the utility company, that is $4,800 per year.

So I have to ask, are you at the natural limits of the model?

To kind of piggyback on a lot the other's insights.With a lot of things in real estate, it goes through cycles, and Notes and Tax instruments are no different.In that every couple of years, a guru will hype up the "passive" nature of Notes and Tax investments, and how you can buy properties for "pennies on the dollar!!".