My advice would be only to do this kind of investing in your market. 

Interesting, I was aware of how they work in my state, but not about these kind of differences. 

@Caleb Genry hi could you kindly share your spreadsheet with me.

Building permits don't pass onto the PVA for reevaluation so they have no reason to stop by to visit.3) Cash flow:  Some might want $300+ cash flow monthly while others may be ok with smaller numbers and take the appreciation and tax benefits. 

Buyers could look at a DSCR loan which does take into account the revenue from the rent but it doesn't count towards the value of the property.Now, buyers could look at a business loan of some kind but I am not sure they would qualify if it is only one property and even then, the value is mostly in the property and not the possible revenue. 

I live in the US full-time and visit a couple times a year. 

Hugely popular area.Our cabin is doing good, hopefully the calendar will fill in more throughout the year.Although lots of people visit the area there is a lot of competition. 

--> These values will often change what kind of PM company you use.- Understand the role of trust. 

.- Since we're not really in full control of the property, the Hold Harmless also indemnifies us against anything that goes missing at the property and squatters.We get asked/told to do all kinds of crazy stuff by owners, who either don't care what happens to us or haven't really thought everything through.Hope this addresses your question.

Rob,Some times around this time of year a good deed can go a long way call it Karma or just being kind.