Hey @Jeff Ryan - While I can not speak to your exact situation, I can speak to the thousands of homes I have walked here in Chicago, where majority of the homes were built in the late 1800s/early 1900s.I would say that 7/10 of the older homes I look at have some sort of settlement in the foundation, which causes the cracks and sloped floors you are mentioned you are seeing in your property. 

I own a property literally on the Fannin / Union line in Morganton (on the Union side) so we now have some new rules we have to follow and they are restricting th number of STR permits in the county Thank you for sharing Neil.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

But, if they are flippers/rehabbers, investors, property managers, I could see that being a benefit.And I would certainly be looking at flight options into either market, as I couldn't imagine putting hundreds of thousands of dollars into investments in a market with visiting those investments at least a couple times per year.  

The monthly profit can be anywhere from a few hundred dollars to a few thousand dollars depending on the size, condition, and rental rate of the property. 

I have literally never paid attention to the countertops in any STR I have stayed in, if that means anything!

With a house on the lower end like that every few thousand adds up and takes away from your returns on the rental income.

That literally would have taken about 15 minutes and no ugly hole in the wall.2.

Did you know that each week, several thousand people sign up for BiggerPockets, but nearly 10,000 RETURN to BiggerPockets after being away for more than 90 days (often for years). 

I'm not trying to beat you up, but you are throwing thousands of dollars away trying to self-manage this remotely.