Anyone with active listings in the area care to weight in on approximate summer rental income?

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.

I can't imagine the weight you feel with both parents passed away and now you are left with things that constantly remind you of them. 

A 4-plex will require more management and upkeep compared to a duplex.Future Goals: Think about your long-term investment goals.

Same with contractors, most GCs you will meet aren't worth their weight in scrap metal. 

Save up for 3-6 months' worth of mortgage payments, property tax, insurance, and upkeep costs as a safety net.

You can have a couple yoga mats and some light weights in the house if you feel it would add to the guest experience. 

@Eli JoffeTo make smart choices for your first rental in Cincinnati, look at key numbers: buy price, fix-up costs, closing costs, monthly rent, mortgage, management fees, vacancy rate, and upkeep costs.

The other is under contract and I will probably end up keeping it and starting the rehab, depending on the next couple of people I show it to.

BUT, I've yet to find a cohesive "formula" or "rule of thumb" for weighting these factors and determining profit share.