Warren Buffet once said something along the lines of farmers need not understand the bio-chemistry of the photosynthesis process to grow corn, nor do they need to check the corn 14 times a day, they need only to plant it and take reasonable care to ensure it's in an environment where it can grow.

your problem is solved, I'll suffer the slings and arrows of higher taxes for you.If you are W2, then the only way to avoid that 150k is to go ask for pay cut.

If youre trying to get it done under 20K it all adds up really quick.If the garage doesnt pan out and this is in a smaller town where mobile homes are permitted, you could plant a decent one on the lot for near the 20K and get $500 -$600 with the garage.

The opportunity cost of not have that cash is likely higher than the loss I would have suffered by just selling the property for a small loss.3.

I would limit the exterior work to pressure washing the exterior and painting the front door in a warm earth tone color.Maybe you could dress up the front porch area with a few potted plants, and 2 cherry stained wooden chairs with throw pillows or something.

After a certain point, if a management company has too many properties to oversee, the service will suffer.

Originally posted by @Dave Vogt:I thought about going more south or more east, I am still kinda open to it but I suffer from 2 conditions:- I do not like to drive/commute for more than one hour- I like to micro manage renovations.

Might have to plants a few hops in the garden.

Many people suffer from Analysis Paralysis as they aren't comfortable with the numbers.

Residential properties change, neighborhoods change, homes become dysfunctional, market changes can take values down as well as up.There are very few 100 year old homes in my area that remain desirable today.Commercial can suffer similar issues.Always have an exit, there are aspects beyond your control that can effect a property, the trick can be when to bail out before negative influences arrive.There are several trusts that can be beneficial in holding good properties long term, just make sure there is flexibility built in to dump a property and move on to something else. :)