Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

3) How well prepped was your property?

I’ve househacked a handful of properties and am currently doing so now.

Do you have 10 properties financed? 

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

Did you purchase this property all cash? 

Also if the whole property or the yard is fenced then an additional barrier fence around the pool itself isn’t required.

I am looking for a property around $500k, single with a remote work and side hassle.