Changed the ceiling in a bedroom that was flat and pooling water, new electrical, new pex plumbing, new roof, new central A/C added, new drywall in about 70% of the home and restructured the living space to give an open concept dining/living area as well as create a 3rd bedroom.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

There are other considerations (unrelated adult occupancy limits, for instance), and the math is simple (what about repairs, for instance), but the concept is easy and replicable.

Originally posted by @Alan Marentes:so as someone who is completely new to this how would i start owning a rental property and not using much of my own money You can start by learning basic concepts.

Buying with cash and then placing a "Line of Credit" (LOC) on the property - this might not be a bad idea but let's cover a few things; the concept of a Line of Credit is that I use that LOC and then pay it back.  

A lot of the hard lines and accepted practices of the past are being called into question, not just with housing but all the things that flow from housing such as community-level education and policing.The current political thinking is to question the concept of Single Family Residential zoning as a social good.

They may recommend something simpler like a partnership agreement without using an LLC.

The proof of concept to myself.

As was mentioned, that "Core 4" can go a long ways and make your job as an investor much simpler.

The STR experience has a lot of run and as many home owners are investing in buying STR or some becoming Arbitrager, i see communities becoming more receptive to the concept, but it is not without political fight at the ballot box.