I would closely monitor your competitions pricing to see what is working for them.Vrbo has built in tools to monitor when people are searching for specific dates.

Pretty easy to not check this and have a failure after you close...

The courts did not take lightly the forced deed in lieu at signing and rejected it.3.

A nice multi family property that you can do some light fixtures on sounds like a perfect strategy for you so you and your wife can have your own unit.

Caulking a bathtub for a plumber is the easiest job he could charge money for, short of charging to lite a pilot light on a furnace or water heater.  

Other than that, it is really a light doc loan with not many strings attached compared to a conventional mortgage.

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

That way you and the owner are in agreement and you have been green-lighted to go ahead and run your business. 

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option. 

I'm only at 3 rentals and just 1 tenant can make or break you trying to be a PM while also working a w-2, I've already come close.