Explore other options before jumping into rentals.

My family bought it in the 1970s, and adapted it to a rural tourism hotel, keeping its original traits.As stated, the property is currently being explored as a 10 bedroom hotel by my parents + 3 employees, with an annual return of 7%.Nonetheless, the potential is much higher, considering that the restaurant is only open 2 days a week, the bar is not fully being used, and the space for events is completely unexplored.

My wife and I have been exploring options for our future.

I am an agent as well though and last thing I need is that kind of reputation. 

Be sure to explore the forums, too. 

We are exploring either adding duct work for central a/c and heat pumps; or doing a mini split ductless system.

Hi Guys,Just exploring a deal and need to know what is the customary closing cost split between buyers and sellers for 5+ units apartments in Tucson Arizona?

To save my reputation, I ended up taking a HML on one of my properties. 

@Greg Becker - turnkey providers is also a good option to get your feet wet.Thats how I started by buying my 1st rental in KCMO and then built a team there to acquire a few more properties afterwardIf you go that route make sure to use a good/reputable vendor as there are many turnkey providers but very few selected ones are actually goodgood luck

However, Winsted does not share the school system of region 7 and it does have some negative reputations floating around.