Refinancing could help lower those monthly payments, or if it’s just not performing, selling might be the best bet. 

I'll bet she's lying to you so far......and you'll need to carry a pistol when you go meet with the water thieves, people don't like having their water shut off.

Also check You Tube... bet you can find a video showing you how to do it!

You can look on Zillow and such for what the LTR for your area is... but bet you it works out that the STR has more potential.  

If I was a betting man, I bet you paid thousands of dollars for something that can be done for $100 and they have ownership interest or referral fees for those entities

Hi Zafer,The best bet to know what the property tax is on vacant or improved land is to look at the local county's assessor's website.

However, @Bruce Lynn provided a great reminder to remember all of the expenses that could be included in your cost basis; again, a CPA advising you specifically would be the the best bet.

I bet I spend less than 10 minutes on every rental and we consistently rent 200 days a year.Rental history - Unlike long-term rental cash flow, the history of a vacation property is not always translatable to how successful you will be with the property. 

Also the outside will need the shrubs to bet cut, a good power washing, etc.  

I don't think it's a great strategy if you are just getting started.If you have the financial stability and experience to take on negative cash flow betting on the high appreciation then I think there isn't a problem with this strategy at all.