The state of Idaho does not require a license in property management (I am in Boise) just go after it one bite at a time, eat that elephant let me know if I can help you.  

Expect to just eat the cost of a poolThoughts?

They can be pretty expensive and eat into your cash flow. 

If you live in an extreme climate then windows and HVAC could eat up your expense dollars at age. 

So if they leave the water on, or go crazy watering grass, do you just eat the cost over what you included in the fee?

What do you think is our best option to sell and split the proceeds and eat the capital gains because my mom passed 10 years ago there is going to be some significant gains there. or fix up and rent. or sell and carrier the paper because it is free and clear. 

Of course, you have to eat, cover transportation costs, and keep a roof over your head as well.  

Again, someone would have to win a settlement so big that it would eat up your standard liability coverage and then go to the umbrella policy.

Would we theoretically be able to refi a second time, this time as an investment property, and eat any out of pocket cost?

Anything with a HOA or condo fees will eat into your costs.As for buying less expensive homes, there is a balance between quantity and quality.