Fannie/Freddie and HUD will not buy loans with Environmental Hazards because Environmental problems are a far greater source of loss to lenders than fire or title risks because when the property becomes hazardous, its value plummets and if the borrower defaults, the lender could be responsible for costly clean-up fees, third party damages, or legal fees from town violations.

The management expense is usually the cash flow killer for investors, but they are worth their weight in gold when you account for the headaches and cleaning that needs to be done.

Working for wholesalers is akin to being a busboy, it seems like it's a path up until you are still cleaning up plates six months later and haven't even been told how to take an order.

There's so many other things to consider: cleaning fees, taking inventory after every guest, utilities, etc. 

A good tenant is not worth making an addition $1200-$2400 a year,  If it takes a month to paint, clean and get a new tenant you just lost $1300.   

There were multiple children who inherited the property from their parents and by purchasing, I offered a way out for all parties to have their hands clean.

I live fifteen outside of AC, and my family books Airbnb for Thanksgiving weekend to all get together and cook without cleaning.  

Post some of your numbers including your mortgage, property insurance, property tax, rental income, sewer use fees, trash removal, vacancy rate, cleaning between rentals, air conditioner repair, etc..

The tenants are not going to keep it clean while the property is being shown which will reflect poorly on the amount of interest it gets. 

This may be a little high, but also maybe not if you're doing vacation rentals and having new "tenants" in and out all the time and paying frequent cleaning fees.