A pool requires the largest capital investment of the three, and in most cases adds very little if any additional value.

Guests, just like those at your personal residence, require all sorts of amenities we don't often think of beyond the heating, cooling, water, waste, electricity and internet that hosts are responsible for.

The renters will contract with and pay rent to the management company (not to us).I would like to protect the property and my personal assets from any legal risk from renters.if we use an LLC to manage that risk…1) Does our property need to be in an LLC or can it remain outside somehow2) What role is the LLC business performing (is it also considered a property management business and thus require a real estate business license in some states)? 

You can camp in an RV 200 yards from me with no hookups but I would be required to have hookups for someone to live in an RV on my property.

You’ll also need to consider whether the tenants will get along with each other—living with multiple people requires a certain degree of “chemistry”, mutual respect, and consideration, and if the tenants are at odds with each other, nobody’s happy.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

The same moving required with a primary residence.

Approving your tenant's pet doesn't mean they are allowed to pet-sit for others or allow guests to bring pets.I would require her to apply and pass my screening, then add her to the lease.

These rules, which include a requirement that sellers set aside a portion of the purchase price for buyer-agent commissions, prohibitions on modifying the commission, and permission to filter listings by commission, all enable NAR, its co-defendants, and its members to maintain buyer-agent commissions at supra-competitive levels unrelated to brokers’ experience or the services provided, steer home buyers away from lower commission homes, and drive out discounters—among other harms."

They can be a great way to dive into investing without the same strict requirements as traditional bank loans.