It’s always great to hear from people who are thinking long-term.

I've never seen a place where so many people of average to below average intelligence make 6 figures.

What Blackstone’s Sale of First Eagle Investment Management Means for Real Estate InvestorsBig news in the investment world: Blackstone, the global private equity giant, is reportedly selling First Eagle Investment Management—a move that has major implications for financial markets.

The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

So, the sooner you evict the better.If you are worried about embarrassing holiday events, hire a Property Management Company and let them be the bad guys.

Multifamily is considered residential since people reside in the structure. it's part of contractors license law, our testing is on it and violating can and will result in punitive actions.

They will be using a builder to build the property and a professional property manager to manage it. 

What do people think about hot tubs in your STR ?

so, you're maxing out debt service which makes it tougher to cash flow.with that said, no matter the purchase strategy, you should always make sure you're using actual numbers, and not random assumptions.for example - some people will throw out '10% for capex.' 

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property.