You could make this work ST, MT or LT, depending on how you approach it - the key with unique grounds is owner-provided upkeep and service built into the listing and what permits allow. 

I looking into converting a condo into one in the near future and would love to chat with some MTR hosts.

That's $1680 per year for QBO, plus my Bookeeper at another $500 a month to log monthly statements, break down loan payments, and reconcile.

Or take a break. 

Quote from @Alex Messner: Hello,My wife and I are looking into buying our first home with hopes to eventually accrue multiple properties for renting. 

This was my second foray into real estate investing, the previous one being through a “full service” turnkey provider.

It is hard to tell what's going to happen in the Danville (Casino) area, but from what I hear, the casino plan would bring in over 1000 jobs, new police precinct short term goal and actively trying to get other companies to move in to the area for long term goal.

That is really all I have to put into it.

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

Hey Denny - For rehab costs, a good place to start is breaking things down room by room and getting rough estimates for common repairs like the roof, HVAC, kitchen, light cosmetics, etc.