Watching people get drunk and start ramping golf carts and then falling out is always a good one to watch....as long as it's not your golf cart!

First, because you think it’s going to fall in value.

Returns can fall short of proforma for sure, but not losing principal. 

At least with the S&P the dead companies fall off but overall RE keeps the underperforming in the mix.If one is high income then just throwing cash at the stock market over the long haul a nice way to go.

Even if a property is 3 miles away, you will notice price difference if it falls on the other side of the highway for example.

So the goal would be to have it rented during spring, summer, fall..and maybe I'd use it for a month or so during the winter to escape the northeast.

Personally the wisest thing is to pause till the fall or winter to see where occupancy, nightly rates and interest rates are. 

The expense can not be an improvement unless it falls under the deminimis safe harborCapitalized - improvement that does not qualify as a deminimis safe harbor and it relates to tenant area.Non-deductible - payment as it relates to personal residence area.

I wouldn't pay for exterminator on this if it's the first time for mouse issue.. it's fall time mice appear and for $50.00 you can get the issue in check.If tenant refuses to cooperate then your gonna have to use the pest control guy.

Financing costs are much more expensive than they were a few years ago, and you just never know when a property is going to be a maintenance headache or you happen to switch to a market where rents happen to fall over the next 12-18 months.