STR-zoned areas are available but are few, and most are condos which carry high monthly fees that significantly offset revenues.

I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow. 

.: Flying out of state to do the work and carried tools - guilty as charged!

If it takes actively investing in 4-10 properties to beat the returns of the gold standard S&P 500 for instance, is that worth it to you?

The gold rush days are over and now it takes more tools to find deals.

You respond to reasonable repair requests in a timely manner and carry out your responsibilities with regards to maintenance and rules of tenancy.

I'd recommend keeping it in the bank until you have learned enough to make intelligent investment decisions.Personally, I would do the following:500,000 - Gold, Bitcoin - Always prudent to hedge your bets.1,000,000 - Cash.

If its less then I will have to carry the remainder of the loan and possibly be forced to pay it in full as well (or switch it to a personal loan since theres nothing to take back if I default). 

Sell for $400k, he'll carry $100k of that interest only, and gift 10k/year for 10 years.I really don't want to pass this up, but putting in the amount of money needed for a tiny bit of cash flow, or losing money each month for a couple years would risk running out of money and pushing me back to a regular job.Would you pass on it? 

Project like this is a year at least right. cost to sell and carrying costs land at todays HM rate 12 % thats 120k commish                                       200k so maybe net 750K or you think you accounted for those in the  2 million ?