And 28% is ridiculous, unless it also includes all maintenance and cleaning costs.I'd spend the $2K going on vacation somewhere you want to visit (a different one each year) and invest your money elsewhere, personally. 

These are the people who game the Section 8 system, take advantage of hardship laws when they personally have not faced a hardship, make up bogus maintenance claims and nitpick every corner of the unit, then refuse inspection/maintenance visits, etc.

No tenant wants to acquire a rental AND a mother...that's why they're renting and living on their own.Please keep peace and harmony by reminding MIL that she is a vibrant, independent, good woman who has earned the right to a fuller life of her own - while being close enough to the family for great visits and holiday celebrations.Bottom line: Hard to overcome stupid...please let MIL retain that sole title.

I'll be back up there in November, a meet up and visiting the site would be epic.

Only visited a handful of times but I know @Dillon Dull has been really successful with the BRRRR strategy in Petersburg

If you plan to make any money, then you do not want to visit as a snowbird... this is the absolute peak season and prices are frequently double.

Meanwhile, one of the tenants had their car stolen by their drug addicted roommate aka their son.Cops visit twice in the past week... looking for him.A.

During his annual holiday visit, he basically told us he was broke and wasn't sure what to do.

There are so many factors that can make a purchase a nightmare I would never purchase a property without physically visiting the property and not without crunching the numbers, myself.

We actually designed it thinking we would rent to visiting scholars by the semester but there aren't that many visiting scholars during the summer.