My wife's family is planning a vacation for next summer so I built a spreadsheet on smartsheet.com that lists all of the potential properties for rent and made check boxes for special features we a re looking for, such as waterfront, pool, hot tub, etc. 

You don’t want to evict and you don’t want to be worried getting shot while walking around the property.Pick one or the other, either you evict or walk around worried — your call.I doubt the tenant vacates willingly.To your success!

We save most of it but spend some on home repairs or take a little vacation.

We had a tenant who has vacated as of July. 

@Michael SwanI have said it in a very polite way in an earlier comment:It’s hard to know who’s genuine in this online world where any Tom Dick and Harry can claim to have “$100m of assets under management” or “own 250 doors and plan to get to 1000 by 2020”.Only novice investors and BP newbies get click-baited by absolute nonsense like that.We know they spend all their time evicting “tenants from hell” from all these so called “assets under management”....all while I’m vacationing in Italy with my family.I for one do not care how large anyone’s portfolio is.We are not competing against one another.I just want quality assets that gets me more time with my family. 

State Landlord-Tenant Laws are specific in how much notice is to be given on a month-to-month before vacating. 

Any type of property that has been held for productive use can be 1031d into any other type of property - residential to commercial is fine. as is agricultural to residential  or SF to MF or industrial to vacation rental - it all works. 

You are on a vacation with your family to LegoLand and can’t buy until Thursday.

-Cheaper to buy outside of major cities or into cheaper markets/states-Build a portfolio of becoming a BIG fish in a smaller pond by investing in smaller markets-Take advantage of the Vacation Rental markets.

Purchase price: $3,000,000 Cash invested: $475,000 18 unit waterfront hotel in Leland, a small vacation town in Leelanau County (Northwest Lower) Michigan.