My all-in budget is about 150k cash (HELOC) and I found a property that looks pretty good, but the sellers are not budging on price.It's a 3 bed/1 Bath 1500 sq ft built in 1945. 

The cost *is* historically very high like the rest of the market, but not prohibitively so. 1 Bed condos go for ~90k - 150k and 3 bed go for $250k - $350k.

Purchase price: $180,000 STR in northern Minnesota. near Lake superior.4 Bed / 2 BathSelf managed from across the country.

I've been able to get city owned homes and update all the essentials; roof, plumbing, electrical and service the HVAC for 3 bed 1 bath houses that rent for $700-800.

The long version w/confusing information and a small bit of rambling/trying to process:I spoke with a STR company, and they suggest some parts of the area, a 1 bed/1 bath cabin: Situation A, have 15% occupancy off-peak, and 50-70% occupancy during a 4 month peak.

I know this subject has been beaten to death previously, as I've read several threads on this exact subject.

Some of the key things you need to make sure are define include the buy-out clause, death/disability of member.

Purchase price: $243,000 Cash invested: $13,000 4 bed 2.5 bath SF 2 story.

We have a cheat sheet list of each property, bed count, link we refer to often we keep in Google Keep.

Cute updated decor, comfortable updated beds, well-equipped kitchen, etc are all always appreciated and noted in reviews.