ADR has to be high to cover expenses.  

I’m done with dead beats who give me lame excuses all the time why they don’t have rent or have ever had any emergency money to covered the unexpected things that we all encounter every month.  

So if you intrested my book is on amazon as ebook, paper or hard cover just search Realaxed Real Estate Investing and enjoy

To be fair, some of those issues may not be covered such as contractor's cheating you and I have never seen a pipe burst cause a total loss.

One is 100% cash flow, one makes some cash, and the third is about $13000-$15000 (management fees only, mortgage and escrow are covered) per year short of breaking even—we understand that this vacation rental was an investment and are content to wait another year or so before it provides a cash flow.

Will that cover you financially?

Build a real estate network, evaluate potential properties, and use the 50% rule to ensure they cover your mortgage and leave positive cash flow.Good luck!

So at a  minimum you need to be firm that the rent is enough to cover your expenses (including insurance, PM fee, capital reserves for repairs)I'd go on Facebook Marketplace and on any Facebook Groups you find for KSU Housing and post it there (at a rent rate this is actually covering your expenses) and see if you get response. 

Rent out both units to cover the mortgage while we subdivided the land and built properties to sell on the back half of the land.Option #2: 1 year - Same as option 1, however, instead of building more units, sell off the lots to builders.

The main question a buyer has is this - "how much of my mortgage will this cover"