I recently paid off about 2 acres in Texas that I was able to purchase from a family member.

At 4% appreciation, that home would be worth $1.35M and be paid off by the end of 30 years which yes, is significantly less than $2M.

I think the most I could possibly get monthly out of the property is 1000 based off of rentometer, zillow, and BP.

I get where some people could do it in an odd way that throws off red flags.

Sure rent has increased, but the number will put you massively underwater right off the bat.

We’re off market right now but will be going back on next month.

You need to get in touch with a lawyer as soon as you can and figure out how to cut off the tenant/landlord relationship.

Hello everyone,I’m a Canadian looking to buy a short term rental vacation home in the Kissimmee area.Currently we own a long term rental home in Winter Garden which we bought some time ago, and will be paid off completely in Feb 2029.  

My new primary residence in Oregon will not be in an LLC however I intend to travel off and on, and rent it out but that won't occur for another year or so. 

You can't take six months off from reviewing properties and hop back in like nothing happened.