I thought I'd squirrel some money away in case of a big ticket item like water heater, roof, etc. 

We made our investment back in 1 year and still have 85% occupancy year-round.

Sometimes they get away with it, sometimes not.I think building a whole suite in the basement will be much more noticeable than just a bedroom and they will probably call you on it if it is not permitted.

Here's some food for thought:- Many of my first time investors know from the jump that they aren't going to be driving 5 hours round trip for every little item, and also know that they arent prepared to handle things like disputes, evictions, lease violations, etc.

If you have a good tenant and get a trusted list of vendors you definitely can get away without a property manager. 

Houses are fetching a pretty penny, showing they’re still a hot ticket.- Market Pace: Houses are taking a bit longer to sell, with Days on Market up by 35.6 percent to 61 days.

Also keep in mind your going to be ready for round two of cap ex in the coming years probably 10 to 30k per house .. 

Overall, your report is well-rounded, and these additions could make it an even more powerful tool for hosts and investors.

Broken Bow Lake OK rounds out the top 5. 

The upcoming week has several of the big-ticket reports that have strong track records of causing rate movement.