Many investors in your situation also explore seller financing or subject-to deals to minimize upfront costs, especially if they find a seller open to creative terms. 

Like to learn about long term rental

What kind of deal are you chasing in Reno—something immediate or a longer-term play?

Purchase price: $170,000 Cash invested: $30,000 This is an international short-term rental property on a Greek isle.

I can do the parade of horribles for a personally owned rental property but suffice it to say that it is a long and robust parade and the horribles are horrible.

Good luck and prepare for the long haul. 

How long ago did you start? 

I actually joined Bigger Pockets a long time ago but haven't been around for a long time.

If this property is hard to rent, or is functionally obsolescent (only 1 bathroom, no yard, etc), or has deferred maintenance that will be costly, or is in a location that is not appealing to Tenants, then maybe a sale would be a good option in favor of a property that has better Tenant appeal, which will likely increase rent and avoid long vacancies in between Tenants.An option to consider....

You can negotiate anything you want as long as you and the person you hire agree to it.