The economy isn't exactly flourishing and many areas of the lake have dried up so there isn't much tourism either.

I understand you don't want to buy a house that's nearly burnt down to fix but more like a house that may need dry wall or paint or maybe flooring and things that wont cost an arm and a leg and that are quick and easy to do.

The fix for that is usually shutting off the power at the box on the side of the house where the cable from the A/C connects, hosing it out with a garden hose (use a wide spray nozzle rather than a thin "laser beam" of water, so you don't bend up the fins on the condenser), letting it dry out for a couple of hours, and then turning the power back on. 

But before I pull the trigger I stress test investment thesis as rigorously as possible and then assign probabilities to specific outcomes. 

You'll be looking to cut as much as possible on legit expenses--you want to maximize cash flow--but a management fee should already be figured into your calculations and due-diligence before you pull the trigger on the buy.Good luck to you. 

@Melissa DenningI’ve been hearing about this book for a good minute on the podcast but haven’t pulled the trigger on actually getting it, thanks for the push!

Doubt the lender would trigger a due on sale clause, especially if the person on the loan is the sole member of the LLC.

Jusy want to hear some opinions before I pull the trigger.

Jusy want to hear some opinions before I pull the trigger.

Groutable vinyl tile yes but buy the dry back and glue it down.