The annual taxes for the property that I was given prior to going under contract was based on a very low county assessment - the property had been owned by a family for years and there was a lot of deferred maintenance.  

It has been many years since and we have pretty much been problem free maintenance wise and from skimmers.We are still looking to replace one set of washer and dryers ....

Obviously it would be cool to use for personal use too, but at $~200 a night for a tiny cabin that has low maintenance needs since it's not a big brands new home, if you are grossing even $1000/month, this might be worth looking into further.Does anyone have cabin properties in the hocking hills area or anywhere in ohio?

HOA fees are $250 per unit and pays for insurance, outside buildings maintenance (including roof), Gas and Water.

Then take into consideration rehab and maintenance and average rental rates. 

and your cash flow is $300 +/- after all expenses, escrow $ for future maintenance and capX, and debt service, then I would say that is a great deal.Do you know how much or what was done for the rehab?

That's assuming a conservative 15% Cap Ex reserve (it has a new roof and 3 of the 4 a/cs are 2 years old) and 10% maintenance reserve.  

(day to day operations)Person 2:  Master contractor, well versed in every aspect of residential maintenance/remodeling, more flexible schedule to be able to visit properties and make repairs/upkeep.  

A four plex built in 1985 that has been neglected must have more than 15k in deferred maintenance.

What are the reserves like for repairs, maintenance, and CapEx?