If each property costs $200,000 and your only acquisition cost is a 25% down payment, you will need $850,000 (17 × $200,000 × 25%) in savings, an almost impossible amount for most people.

Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.

When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

So, I've closed hundreds of loans for people. 

I'm going to buy my first property within the next couple of months and I'm curious about how people manage their properties when they are not within a driveable distance of them.I understand they have property managers but where do you find them?

When we were selling, people loved the "aged" look, and it was a big selling point for that house.

And a lot of them watch Bp but dont post. 1.4 million people earn over $500k."1.4 million people earn over $500k."

For example over the last four to five years a lot of people went out and bought STRs thinking it was going to be a great investment only to find out that the numbers did not work a year later and needed to try to use it as a LTR to make ends meet. 

For context, this would be for a property I already own.I understand this may be a bit unconventional and people will likely recommend I get a proper quote and have the contractor do a full walkthrough.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house.