If you just flat aren't comfortable with debt, then that's one thing, but I don't get the impression that's necessarily the case.

I have some time before the renovation is completed.Yes, I have a tabletop convection oven myself that works well for all sorts of cooking, even baking. 

So now I'm thinking flats or small houses in towns that would be attractive to multiple markets (potentially expats, tourists, students, locals).1. 

If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shingles8.

All of the metal for the metal roof, is imported as coils for the roof and flat metal for the beams/rafters and purloins. 

@Deirdre Lizio see a lot of competiting PMCs start with a pledge of doing it better than "what's out there".Always interesting to revisit them 3-5 years later - after they've experienced the reality of challenging tenants AND owners.Look no further than Evernest: they started out with flat fee management at $99/month and promises of better & fairer service & pricing.Now they're at 10%, capped at $199/month - wonder what changed?

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

I have also done the math and my account over the next 20 years will grow larger assuming a flat 7% return by taking loans then not. 

You should connect with @Fed Finjap; I just saw on another post that he is also buying in the Chicago neighborhood ofLakeview and he recently went through some lessons learned on a 3 flat in Chicago.Check out his post:  https://www.biggerpockets.com/forums/922/topics/1223655-refl...

There are also companies that will do it for $100-300 flat fee or $30-50/yr.