I have seen 2 recent studies comparing the initial cost of renting versus owning.  

The last thing you want to do is to assume something, then make a mistake, then try to evict a resident in NY, then have the resident prove you broke the law.Please get an answer from someone who is qualified.

If the remote is five years old, you shouldn't charge them full price for a brand-new remote.Actually the remote is proving a bit more involved than that.

I have been a member of mine for 10 years and am now on the board and it has proved invaluable in my business.

Maybe there is also liability for the managing company in neglecting to recognize this issue when it could have been resolved earlier, before the water destroyed the basement.From my research, I would need to prove that the seller knew about the issue (water intrusion) and decided not to disclose.

Be sure to study up on your local rules and regulations and make sure you're comfortable with it all before taking this on.

Study the market.

I am not stating this was the case in all markets, but people who think cash flow is guaranteed need to study their RE history.  

I am located in the Charlotte area and would agree about the presence of our financial sector but also medical is a huge industry as well.If your outlook is 10 years then going with either option will prove fruitful.

Short term rental with cost seg study/ accelerated depreciation to offset W2 income.