@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.

I certainly know that future years the expenses won't remain that low, but wouldn't that be a reality on a property that has a lot of recent improvements?  

Keep in mind that pool maintenance and chemicals will set you back several hundred a month, plus higher insurance, utilities etc.

The median home price is also very low nationwide which creates a low barrier to entry.

Prices are low and they hit the bottom during the real estate crash.

In addition, you’ll be included in their newsletters for additional real estate investing resources.The best way to leverage RentRedi benefits is for rent collection:Tenant applications and screeningDocument and field maintenance requestsE-sign leases Tenant communicationRenter’s insuranceAnd for Stessa benefits: Property bookkeeping and accountingPortfolio monitoringProperty analytics to track historical performanceSchedule of Real Estate OwnedLandlord bankingTax prep support 

To set the stage, I'm owner of a short-term rental property in the Poconos in PA and we use a property management company for bookings, maintenance/cleaning, guest management, etc.This past weekend we had a guest booking but when the guests arrived Friday evening the house had no running water, though it had been running fine earlier in the day when the Property manager (PM) was at the house to give a final check and leave the welcome packet.

They used lasers to find the low spots and used "push piers" to lift those areas. 

The best thing about a new build is the capital expenses and maintenance and repairs will be minimal for many years.  

You will have holding costs along the way with repairs, maintenance, taxes, etc.