Some people come off as the most friendly and helpful "on stage", but then turn a COLD shoulder to you, their students or anyone else when the lime light fades.

But also the tenants don't like it much either because they can't be themselves because they're always worried because they have the owner looking over their shoulder continually.

@Aaron Rhys  it sounds like you have a good head on your shoulders! 

She is interested in doing seller financing but want to wait to really talk it out because she has to get a shoulder replacement this week.

Overall I think I keep a pretty good head on my shoulders and constantly remind myself to not get emotionally involved in a deal.

I have a tenant applicant who asked if I would consider replacing my existing washer and dishwasher to an energy and water saving model.They are willing to pitch some $ in.In my case, the washer was practically brand new (3 months) and the dishwasher is on it's last leg and perhaps could use an upgrade.Have you guys done this and do you shoulder the cost 100% as a courtesy or do you somehow split the cost in some way such that they enjoy the newer appliances but you don't have to incur unnecessary expenses?

You'll probably get others to convince you they can do a 75% or higher LTV but I think you should keep your head on your shoulders and feet on the ground.

But be aware that short term rentals have attractive rents during high season if marketed properly, and can experience periods of high vacancy during shoulder and low season months.

You will be able to do all the designing, picking of finishes, and watching the complete process with little responsibility on your shoulders.

We both work full time and have a newborn-- we don't want the tenants to KNOW that we're the owners ;-) I was hoping that the property management company could shoulder the maintence needs for the units and that the "50% rule" would cover the costs to pay their maintence workers etc.