However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

If not and you wrote them the check, then most likely the $ is gone and suing for that money will cost you more than $1000 unfortunately.So cancel the agreement and request the funds

If you don't, it can cost you everything!

One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

Lowest costs since he would be selling in 2 to 3 years.6. 

@Yooni Choi managing from out of state (OOS) with ZERO previous landlord experience - probably won't go well.You WILL make a lot of mistakes that will cost you money.

Helping clients navigate these processes can prevent costly setbacks and ensure smooth project execution.Carlsbad is bursting with potential right now, and with the right knowledge, you can be the expert your clients rely on to open these incredible opportunities.

Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.

(MTM leases should cost more than yearly leases.)

We currently work with many clients who do Cost Segs and using that STR loophole!