Property managers can also be expensive.

My experience is the exactly the same as yours, but guess we just have lots more effort and/or expense to even have data to begin to consider a deal.  

Do you have any capital expense required on this property?

Account Closed Since this is within the close friends, no issues on any "common expenses".  

Several reasons:  Phoenix is an expensive and hyper-competitive market; your monthly income is $4K which in and of itself is limiting, but even more so with most of that being cash; and your credit score, while not terrible, needs to be raised, especially with you being self employed and a mostly cash income.

Hi Anna,If you sold your home in NV could you use your equity in that home to purchase 1-2 less expensive properties in Ohio that will have positive cashflow? 

STR should be a strategy utilized to cash flow or break even on expensive property. 

Also a more effective use of time, although definitely more expensive. 

Nevada has become expensive and no longer offers the level of protection it once did to its owners.

Furnishing a place is freaking expensive and tedious.