In inexpensive rentals, it may be worth it to reinforce and/or level the floor to enable putting down Allure without it looking bumpy, since it will conform to the floor.Another advantage that you didn't mention is that you can replace just a few planks, and not the whole floor, when it gets damaged.

Real estate enables me to pretty much do what I want, when I want and with whom I want.

Management is in place and is compensated with 10% of the gross rents (seems a little high for a multifamily property).According to the pictures (which admittedly could have been taken at any time), there is likely room for improvement which will enable me to raise rents rather quickly as long as the local market will support it.The expenses are reasonable.

You don't go to Juilliard to decide if you might be a good musician!

These will enable you to obtain personal references from others and meet potential lenders eye-to-eye.

Also, ensure you contract has an out clause which will enable you to get out of the transaction if you cannot find a buyer (something about dependent on agreement with your partner).That's my two cents.

One nice positive is that the homes, being separate, are ideal to enable all of the expenses to be passed-on to the tenants.

As time passes, they are able to show a track record that enables them to get partners, private money, loans or syndicate the large deals.

@Aaron K: I believe selling off market would enable a pain free transaction on both seller/buyer sides but may consider on market if needed.

In general it is easier to manage a cabin with some form of internet so you have have a wifi-enabled security system (like Blink cameras), and guests like basic internet functionality for phones.