That's a big life change and a lot of inconvenience (if they're like my parents, they have a LOT of junk by this age) just to play the tax game.Your parents should be at a stage in life where they are enjoying their wealth, not jumping through hoops to manage it.

I had to agree to play the plumber to get him to finish.

I’m trying to play the role of “what if’s” and “worst case scenarios”, but it’s a tough balance when my wife is looking at it from a community and emotional buy perspective.

The big cabins have WAY more maintenance needs than the smaller ones because big groups do damage.Given the current market, though, I think going big is the only practical way to play the game right now.

I interviewed with 4 brokerages and realized that in addition to the MLS, NVAR, Sentrilock, and similar necessary fees to play the game, most of them charged other fees such as "desk" fee, E&O insurance, admin fees, technology fees, etc. that I didn't necessarily understand. 

There goes 2 years of cash flow.Or worse, your roof starts leaking and the other owners don't want to deal with a special assessment so they vote for a cheap repair job which doesn't quite solve the problem.You put a tenant in and find your neighbor, an owner, likes to play the drums at 2 AM or maybe is a hoarder and has a roach infestation. 

I wouldn’t invest in LTR’s if there is no appreciation play the yield is just to low for what I can get.

My personal strategy is to play the long game.  

Being a self-managing owner is a very weird power dynamic at first, and how to play the role smartly, fairly but honestly isnt really taught anywhere that I am aware of.

Now, with COVID in play, the courts are shut down, there's the moratorium on foreclosures/evictions, and I've gone back to mailing with little success.