When they call notes due, they lose money, and it's bad public image.  

In all honesty that photo doesn't look bad, but what does it look like in person is the better question?

It is in bad repair and will need a good amount of work before it can be rented but after the income is very good.

It is much closer but a 5-hour drive.Cons- Higher property costs than Market 1 and much more crime so I could potentially pick a bad area to invest in.Market 3Pros- Small College town with very high rental rates, very reasonable RE prices, higher rents.

To minimize your risk and start generating cash flow I would build a success portfolio of vacation rentals you managed and identify what qualities make a successful property.

Almost everything is apartments in the bad part of town or large houses in the mid to high income areas.

But I don't want to jump the gun and invest in something bad so I'll definitely keep looking .

my rule, others may say otherwise but I'm not in the volume game, real estate is my current Business, and I prefer quality over quantity.....just fits my style best.

Horizontal cracks on the wall if you're looking straight at it, are pretty bad.

It looks like a nice structure for storing large farm equipment, but not much else as is.