My back of the envelope math is following:$600k upfront purchase (for simplicity sake, assuming no mortgage)Expenses: $6k annual tax +$4k annual maintenance/upkeep +$3k annual utilities + $2k annual insurance for property and liability = $15k annual OPEXIncome: $1.5k per week in summer and $1.5k per month in winter (after deducting PM fee)16 weeks in summer (assuming 80% occupancy rate, allowing me or my extended family to use it when it's not booked) and 3 months in winter (assuming 50% occupancy rate) = $28k total annual incomeGross profit = $13kROI = 2% 2% return will probably make most people run away screaming, but for me, it's not a bad deal.  2% is about the interest rate I can get from a long term CD, but I also get about $10k worth of usage out of the house which is not included in the calculation, nor is the potential appreciation.In other words, for somebody like me whose primary objective is asset diversification, a house is a better choice than gold coins.  

She was a good tenant so I let her slide.  8 mo later she got a great job and her fat tax check and she was caught up in 3 months.The other side of the coin is the mouthy tenant you hate that can't pay cause they spent their rent money going to vegas for his/her birthday even though they don't have a pot to piss in. 

Rates are in the 0.25 to 3%, so you will have a negative arbitrage with your HELOC.You can find some hard money lending funds that will give you a 6% return but you will need to give them 2 to 3 months advanced notice to withdraw funds.You can find some hard money loans giving you 10% return but your money will be locked for period as short as 9 month, some up to 2 years.You can put your money into crypto stable coins with a 6 to 7% return, with a few days availability.

I chose to fight it out and both suits were dropped about 2 days before trial, still costing me significant coin.  

On the other side of the coin, you can find units that are ready to hold with tenants that pay and you just set it and forget it all day long, but the issue that older investors in this market have is that the CAP on those isn't what it used to be because of an influx of newer buyers. 

BRRRR was coined by Brandon Turner maybe a couple years ago. 

Inherited tenants are always a coin toss. 

They aren't trained well, tend to have limited knowledge and experience, and typically want to try all kinds of hairbrained transactions and listings because they are desperate to make some coin.  

Imagine flipping a coin, no matter what the outcome; the second that coin goes in the air you will know what side you want the coin to land on.

I am also adding 1-2 coin washer and dryers shortly.