@Ryan Duphorn  a  5 /2  and 1920 square feet IMHO isn't a good health care traveler accommodation unless you are in a area with a shortage of housing. 

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

For rentals, do not buy the cheapest house.

If you pay off your mortgage (which is a good interest rate), you will likely burn through that cash flow as it is more accessible, AND that money isnt working for you anymore (unless you reinvested it).  

Just got the second house in my current partnership!  

Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.

Rates will at some point allow you to refinance.  

That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

Rates have not been very favorable through him lately, as you can imagine.

.: The fees are about market rate for PM companies although the repair is a little high imo - the issue sounds like they procured a bad tenant.