A part of this as an REI is ensuring you have crystal clear financials down to the property level, actually reviewing them regularly, and using them to make better decisions. 

If something happens on your property and your regular insurance doesn’t cover everything, your umbrella policy steps in to protect your assets and savings.If you see yourself building a portfolio, then it’s smart to think through your long-term setup early.

This low amount trapped permits a magnified return on all sources of return going forward.If we go with the premise that this brrrr seems pretty good, then it should be no surprise the investor wants to repeat the process as quick as possible.Note I am not saying he should take overt risks, but reasonable, calculated risks are what successful investors do regularly.  

You need to do your part by checking in with them regularly, submitting documents they need from you promptly, and keeping your agent in the loop can prevent most delays.You’ll typically work with your agent, lender (and underwriting), appraiser, title/escrow, insurance, inspectors, and sometimes an attorney.

I regularly touch up with a brush every 3 months, especially on high-traffic areas like the stairs and baseboards.

Real estate taxes involve issues like passive vs. active income, depreciation, and entity structure, so having someone who handles those regularly makes a big difference.

Then keep in touch with that person on a regular basis by using a 'tickler' file. 

Will it increase the locals cost of living, will they appreciate & like you being there, does it contribute to the housing affordability issue if a home is used for this activity or should it have sat a little while longer & encounter a price decrease for a regular homebuyer to afford?

A lot of people try to do that as a short cut to buying a regular home.

You cannot qualify for REPS - real estate professional status - if you have a regular full-time W2 job.