How about opportunity cost?

By carefully managing the scope and cost of renovations, you can maximize the return on your investment.3.

Depends on rhetoric vs reality.

That depends on a lot of personal factors such as your finances.

Quote from @V.G Jason: Quote from @Chris Seveney: Quote from @V.G Jason: A bit of 1c depending on inventory and 2.

One issue that I'm noticing is the range of reported insurance costs.

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.

I looked at their booking calendar one time and thought it was pretty empty.I guess you don't know until you try...and probably depends on if you want high occupancy or high rate?

If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.  

I would still do due diligence such as whole property inspection, lead inspection (depending on when the property was built), appraisal, etc.