She has been living in this spot since 1998 but didn't want to manage it anymore.

that's an interesting perspective - I never thought of renting a bicycle out - the charging station is spot on - I also like the kitchen idea with spices and what not - when we stayed in a cabin up in Bass Lake - they had everything you can think of - anytime we needed anything in the kitchen or  around the cabin it was there.

From all of my research so far, that looks like the perfect spot for all of us.

You are spot on.

There is a sweet spot in 2-4 units that will cash flow, if modestly, especially if you wanted to do an owner-occupied scenario. 

I foresee my niche market being the remodeling of old farm homes in areas just outside of happening hot spots.

Typically this is the responder, someone who is in a tight spot and might overlook the impersonal and unprofessional nature of the YL.  

Thanks Jared.And you're in one of the most beautiful spots in the world.  

but come on thats not fair to them, when you are closing 8 properties in 8 weeks all with various level of rehabs you need to be johnny on the spot for your PM too.  

From my experience it seems the sweet spots if you're not wanting to deal with the East side of town is NW Lubbock, homes south of 34th St. but west of University, and homes south of 50th but east of University.