The only things that have been updated since living here has been the roof (but still leaks), the boiler (a reactive replacement after the kitchen flooded), as well as the floor kitchen cabinets (also after a major leak of which we mentioned multiple times) - which still kind of leaks.

- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms. 

The one we found manages about 8k units from northern Ca to Southern Wa with the majority in the PDX metro.

Is there anything major I'm missing?

The rental yield is strong due to a growing population, a diverse job market, and a relatively lower cost of living compared to other major Florida cities.

Its majority single family with some multifamily around, you could totally build another unit as well. 

This is something I was always going to do - especially for my first deal - to be comfortable with spending the majority of my savings on this.By the way, I can understand why people flee to Portugal - lovely place. ;)

Washoe County STR RegsIn Reno, if you can build or do a major renovation, that is the place to look. 

I don't agree with the majority but agree with @Bruce Woodruff.We don't go to small claims as there are court cost.

All year round North Conway and Jackson host monthly activities like Apple picking, Pumpkin carving, Host all the Major Holidays, Christmas, Thanksgiving, Easter, Mothers Day, Fathers Day, Halloween, Turkey Trots, Winter Ice plunges and more.