Next time, I have a basis for the quote and don't have to ask the internet if I'm getting ripped off. 

He bought an ice fishing cabin for pennies in a location that you, I, and all the other clowns talking about real estate on the internet would never know about.

In the internet ages its easy to get black listed as an Investor.. 

Researching and managing properties from a distance is made simpler by technology and internet tools.Real estate for business and residential purposes differs.

Wayfair is not a retailer, they are a drop shipper who scrapes most furniture retailers on the internet. 

I thought about renting as three separate rooms, although I've heard that this may lead to more issues, so may not do that.10% Property manager (although, could self manage from out of state)Electric, internet, water, garbage (with water bill)vacant maybe 3 days a month due to how people schedulea few fixes necessaryfurniture/dishes etc.lawninsurancetaxescleaning costsloan/loan closing costsno HOA for this one

@Bill SargesonThese are some examples I found on the internet. 

Also, when you are calculating returns, don't forget that utilities are in your name, you need to pay for internet and Netflix, paper towels, toilet paper, laundry and cleaning supplies, extra sheets, towels, pillows, etc.  

Don't plan your future based on what a bunch of strangers on the internet tell you is the right return. 

No you go to the internet right?