Tuoi I do not do residential but commercial.We have a saying that most part time agent know enough to be dangerous in the business.

I wrote a blog post on this a while back: http://www.biggerpockets.com/blogs/4837/blog_posts/35033-the-dangers-of-investing-out-of-state, out-of-state investing can work, but it's very risky.

They don't always make a mess, but it is a risk-benefit thing and worth thinking it through.Puppies are usually worse than adult dogs because they chew and aren't born potty trained.Accepting a dog that is a dangerous breed is an unnecessary risk.Most insurance companies won't insure with this type of breed or will charge more for it if they do.Enough said.

"profits" is an interesting and dangerous trade off.

The amenities of the complexes attract a higher paying class of tenant too.There are things beyond our control in the city of our SFR rentals - rising taxes, fewer city services, crime.

Try searching for key-words such as: fixer, tlc, danger, motivated, needs work, etc.

So really, perhaps the most difficult timeframe for cash-out refi is between 6 and 12 mo (even that is not impossible but may be with fewer choices)

So I did the introductory Vertucci course July 2016, Went to the three-day seminar, and learned enough to be dangerous.

  - Well what if the property is located in dangerous neighborhood with tons of distressed sales and majority of them not being under contract?

But I see a big part of the business from colleagues in the industry comes from repeat customers and I am afraid the size is simply too small to be comfortable to live in for a week. the rental price would more or less be the same for the end customer if I make it a small studio or slightly bigger.So my question is would you be happy with a 28 m2 / 300 square feet studio for a weeks vacation or should I go bigger and then fewer studios ?