You are at an age that you should focus on cash flow rather than appreciation.

However, the biggest con is that you are sacrificing a bit of your privacy by living right by your tenants and it is usually a lot more stressful since everything is your responsibility - managing tenant issues, handyman repairs, taking care of the lawn, etc.I would strongly recommend house hacking especially in the Columbus Ohio market!

Less than an hours work, everything online approved within a few days.I recently decided to stretch myself a bit and start putting my holdings into series LLCs. 

That’s 6 in 1 year : or $6k minimum That’s more than any rental out there would give you per month in cash flow lol 2.

If you adhere strictly to the laws, you will be limited in the services you can offer to your relative compared to what they would get if they listed their property with a licensed agent, and they will get less money for their property working with you than if they hired an agent.

One CPA got rude on more than 1 occasion, for us merely asking a simple question.  

I think the economy has a number of diverse employment options, lower prices than King County while still being within driving distance.  

You are more than likely responsible but will need to check the laws.

I will say that even though you get the boost from VRBO and AirBNB, the first year of operation is usually lean as you build up the rep.Offering a discount on the stay is a way to be more attractive but don't go crazy.

Calling on the phone is usually useless as they'll tell you to come in.