CS, being a rough neck pays well. 110K seems a little high for someone starting out but maybe this isn't his first season.

Man...I would love to see some of these prices outside of war zones in my neck of the woods.

It is definitely a pain in the neck, but you have to do it.

I'd probably do STR with AirBnb in your neck of the woods.

This sounds like an albatross the seller is tying to hang around your neck and get $5k for doing it.

Then you are stuck with having to evict which is a time consuming and costly process, not to mention emotionally draining as you are going to be litigating against people you may have come to like and trust and whose personal circumstances are out of their control.Biggest issue here is that the bank will be less forgiving than you - they have shareholders and federal regulators breathing down their necks, so while you dilly dally with litigation evicting a family whose breadwinner lost his/her job, the bank is demanding you keep their payment current or they'll take the building from you.2.

Beautiful photos, despite the twist in my neck. :)Tip: Make sure to screen your applicants well. 

When it comes time to speak with the sellers, you may have to flex some negotiating muscles.

I'd probably go with a "boring" investment in your neck of the woods. 

(There are areas in my neck of the woods that I would discourage colleagues to invest)