Also, add to the mix the other transaction costs that are likely to arise from a sale (i.e., broker fees, transfer taxes, etc).I was in a similar situation with a rental and debated selling earlier this year.

With the tech that's out there though, continuing to manage your properties on your own should be doable, and honestly, if you start using the right tools, you should be able to keep your 10% and easily manage your properties on your own. 

- If not, what areas should I focus on if I want to rent out to millennials and tech workers?

Although seeing a lot of mixed reviews on yelp.

I just closed on a mixed use, five unit property in St.

I am from the Richmond, VA area - growing up just 30 minutes south, going to college 30 minutes north, and working in and around Richmond for the past 10 years.Yea, you can thank the high paying tech jobs for the high real estate costs in Richmond (Capital One, etc.).  

Though I also have a Whole-Life and other insurance policies, we use both insurance AND investing in a mix that heavily favors investing. 

@Rachel AshTurnkey can be a very mixed bag, unfortunately.

There are also many different types of commercial leases: net leases that have base rent and tenant is responsible for their share of taxes, insurance and common area maintenance; gross leases that have all costs built into rent and a base lease year rent increase calculation is set up to deal with increased landlord expenses; and blended leases that can mix these two basic types of commercial leases.  

Seems like not a bad idea to mix an investment opportunity with being able to own a piece of own real estate in a great vacation spot.