Practically speaking, it’s going to be quite challenging unless you spend significant time.

Contrary to popular belief, this is not set because I believe it will give me a higher return.

@Jeff Hineswhatever you end up doing i'd stay local. i know the markets you mentioned look tempting, but they have their own challenges - for example, the midwest housing stock is very old and often has severe deferred maintenance. 

Challenges?

@Nate Jenks - @Andrew Postell did a great job clarifying the big challenge you'd run into pulling cash out with such a low down payment. 

Challenges?

Challenges?

Keeping it simple with a smart TV works, but one popular streaming service could make guests feel extra taken care of without much effort on your end.Let's discuss more.

What was your experience like—any challenges, advice, or things I should watch out for?

I can certainly handle the bookings and standard service things, but the challenge right now is finding a cleaner who isn’t so expensive.