When you are looking at buying a rental property, really investigate the tourism trends.

Most can also hold reserve funds to pay the insurance, taxes or HOA dues typically on an annual basis.If you would like to investigate our services further please feel free to send me a PM here on BP.Thanks!

I'm newer to the game, but all of those first time questions are fresh in my head!

Constructing a small vacation rental at the site is a possibility we are beginning to investigate since it seems to match what we already do travel-wise and rental occupancy rates look favorable to property owners given the right circumstances.We already own a single family rental in our hometown that has been productive for us over 15 years, but the nature of a vacation rental is a different animal altogether.  

There was a fresh coat of paint inside and out in the past couple years.

I've looked at these areas as well and both of us being fresh RE investors here's my take - for the first couple flips/rentals I plan to do I want them to be easy "base hits" and I'm not looking to get a triple play or home run deals until I get my feet wet at least.  

We're finally doing some heavy lifting at this property so I'll post some fresh pics as we complete the renovations.The attached privy, as beloved as it has become, did not survive the renovation plan.

Its up to you to perform an investigation and chose the most qualified tenant.

I did not know it was a model that did well, but I can see it plausible.I would consider buying an ugly home, but would need to investigate it further to see how or if it appeals.

Perhaps you could investigate wholesaling as a way to build up your cash reserves, then reinvest into another area that meets your needs.