Browse the threads, read the comments, heck you can come right out and ask the direct question ("What do I do with this $ and no experience") and sit back and enjoy the ride.

That being said, we are excited to be a part of this community and we enjoy the wealth of information that is shared here on this site.Best of luck to you!!!

Honestly, she enjoys the bookkeeping part of owning rentals, likes getting the checks and depositing, etc.

In that sense it is not a good investment.If you rent it on a weekly basis the 12 week season when the expenses are deducted if not a money maker.If you rent on a yearly basis, then there is no time for you to enjoy the property.

So that enjoyment is enough to make it worth it for me, on top of me liking it, maybe a little rub-off on the neighbors, and if it's one of the many little things that helps this family want to stay, that will be a nice kicker...

A business owner would delegate it and enjoy time with his/her family. :)

You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case Study

By the way, I read your blog post about playing to your strengths as an investor and really enjoyed it.

A long time ago I really enjoyed the Motley Fool.

Once the renovations are done, they will all enjoy a more sophisticated, modern and functional space, so the rents will be conducive with the market, but remain reasonable for the tenants and more opportunities to increase my revenue.