Also, I was overlooking the short term capital part of the equation and that makes sense. 

Anyway, I'm giving you advice not from my personal experience but from others who have done short term rentals that I think make sense and it's what I would do if I find a vacation property myself.

Property #22-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $70- Taxes: $295- Insurance: $135- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

Another option to think about is doing a cash out on the inherited property if the numbers make sense.

It makes sense what you're saying about renting this one out and living somewhere else for awhile, but due to my current circumstances it is something I cannot do. 

I do agree with Jon that gas is usually always cheaper to run than electric but there are times when electric can make sense from an installation or replacement perspective.

If number make sense then make offer with your number.

I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.2-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $36- Taxes: $300- Insurance: $150- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

@Patrick Britton, do you have a sense for how accurate Trulia's school ratings are in your market? 

If they chose college, trade school, real estate, or other business, it should make sense long term with personal growth.