I highly recommend it if there are any tickets left. 

Impressive numbers, just curious what are your year round attractions in La Quinta?

He also outlines later on in the book how to account for big ticket capital expenses from a monthly budgeting perspective. 

Since the total number of units is 4 or less, you might be able to get away with this if there is some logical reason the two duplexes could be considered as part of the same one apartment.

Let's say someone has an interest only line of credit secured by investment property, and that line has a $100k limit at 5% (using round numbers for easy math). 

I am not opposed to seeing the property, but it would be a 3 hour round trip drive for my realtor.What are your thoughts? 

I am looking at starting a company with an initial investment of $50 and the option to deposit as much as you would like at anytime with no minimums and an option for debit/credit card linked account for round up automatic transfers.

Here's the Bestplaces page.Purchase price: $205kFor simplicity and to be conservative I will assume this is the fair market value.Down payment: $51,250 (25%)Closing costs: $2500 I got this number by googling "average Tennessee closing costs", seeing $2366 and rounding up.Rehab: $0.

No way I’d let someone who trashed my property get away with it.

Vacation rentals have been a key part of that economy since the 60s and 70s, and there's year-round demand.