I actually like brush strokes in old houses as well.

Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.

Well I am a limited partner and retired on caah flow.

You can consider the medium term route as a possbility as well so you can still occupy it for a few weeks a year.  

There is a ton of risk for the seller as we know in these deals and there are bad actors in these deals as well.. ran into many of them buy sub to never pay of the mortgage rip the rents and down the road..some off those folks got criminally charged and got prison time..

According to your numbers, I would say to keep it as a STR but as a few others have said, look at different vacancy rates as well management fees.

If you are single or married with a small child, buying a duplex or 4plex should work well.  

Then when we’ve done our first or second property, we could get into flipping homes as well.

Key properties is in that area so it’s working out very well.

Some costs MAY qualify as startup costs if the rental rises to a qualifying trade or business level under 195 as well.