She had quit her job over a year prior to care for him and was absorbing nearly $1,000/mo. in PITI.

She had quit her job over a year prior to care for him and was absorbing nearly $1,000/mo. in PITI.

It took a little while to see the cashflow, but that was because my partners and I decided to build up reserves prior to taking any distributions.

Our property is steps from the beach in Wells ,Me.Our listings just launched ( 2 cottages on 1 parcel of land ) & we were very pleased with the price but are also very wary it might squeeze out potential renters. ( i believe we gave prior renters sticker-shock when we told them it was now available to rent online.

In 2020 we are under rent control, but prior to this year this is basically what we did and we will still be doing this within the limits of the rent control.Tenant that for whatever reason is less than ideal and that we really want them to provide us notice, we raise rent to above market for the unit in its current shape (going forward, due to rent control, this will be 5% + local inflation (lately ~4%, but last year ~3%)).Tenant that is good enough that we want to keep them but just barely, we keep them just below market (in our high rent market, $50 below market). 

You are admittedly concerned about the state of the economy, as per your prior comment(s).

However, I believe they need to have prior landlord experience.

What happens if they agree to a $10k repair on your home without prior approval? 

Is it normal practice to get rehab estimates prior to purchasing a fixer upper?

I worked with Spencer Sadler via email and phone prior to moving here  He has a pretty  solid grasp on vacation rentals in Nashville market  I talked with a rep from turnkey vacation rentals who gave quite a bit of helpful information.