These are typically located in lesser-known vacation rental markets, but have very strong fundamentals and great room for improvement. 

You'll also want to consider if each lender provides funding for renovations/improvements.

Ultimately I had a vision for how this particular home could easily be improved and rented for top market without much headache.How did you find this deal and how did you negotiate it?

Another one that apparently had no easement access. 

I bought a multifamily property that was undervalued, so working on renovations and improvements now.

Just make sure only YOU have access to thermostat.5) First understand that leasing is a DIFFICULT job!

Average maintenance and capital improvement: 350/month (4-5kyr).

This could allow you to build equity steadily, reduce the immediate demands on your time, and potentially refinance in a few years to access funds for future investments.Alternative Approach: Small Multi-Family Property: If you're open to it, a small multi-family property (like a duplex or triplex) can combine elements of both strategies.

Do you use anything for remote access for maintenance? 

This information is public record, and anyone can access it.