Now I get to sit back, relax and collect $2300/mo in rent plus about $100k instant equity because of how the market is over there.

City cool beans or country relaxation station?

Whether it’s Christmas morning or a regular weekday, acting quickly can be the difference between closing a deal and losing it to someone else.The holidays often feel like a time to slow down and relax, but in real estate, urgency wins.

Just buy some basic LTRs and relax, they take so much less work....

If you are having that much activity but cannot find the right tenant than you will want to lower the price just slightly to entice better tenants OR you can relax on your qualifications.

It’s an economic asset for us, but also a place where we can relax.

My property manager I don't think has a chance to relax, but she does have systems built around her to free up the time when it comes to regular maintenance and rent collection. 

Everyone just relax and make sure you have adequate insurance, it'll be ok.....I agree, LLC overkill.

So after being laid off a few times in the last 8 years I decided to get back into investing but this time focusing on buy and hold multi family real estate so that I could built wealth that could help me retire my wife who just had a long battle with cancer and survived , but is now back to work, and I want to give her a relaxing life free of all the stress of the world (by the way did I mention she is also in the mortgage lending field) so that explains the urgency to retire her from w-2 work ! 

I am never looking for a sure thing as I don't really think they exist but I don't want to get into something that I am not sure how it will look in 3 or 5 years.The only way I would look at this deal is if it is perfect for getaways and relaxing for me and the family and anything I made would help pay for those experiences.