Quote from @Jimmy Rojas: Thanks for the reply, i think it may not be worth it after all, may I ask did you use a calculation app to come up with the mostly payments, if so, care to share it with me.One more thing.

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

However, with careful planning and a proactive approach, you can navigate these hurdles successfully.

@Jonathan Vinas Operating a self-managed STR in North NJ or the Catskills is feasible with careful planning.

Since you won't be close to the property, a PM will help you take care of everything from far away.

Welcome to the community and be ready for a huge amount of information at your finger tips.

So be careful of that.

Thanks in advance for any tips or advice you can share :)

I know you said you don’t expect anything major on the properties soon, but I would take a careful look at what is most likely to need to be replaced soon and figure out how you would pay for that if it needed to be done tomorrow.

Are there any members in Madison County, Illinois who can provide any guidance on the eviction process, with any tips or lessons learned.