A typical day: Wake up, do some landlord duties as needed (lately it's salting ice or shoveling snow before work), listen to BP podcasts/check BP on the commute, work 9-5, commute home, take care of more landlord duties (keep a list), gym, sleep, repeat.Variable things: Phone calls to contractors or repairmen, phone calls with tenants, running numbers (new potential deals, new ideas, finances/accounting), reaching out/networking, running reports (credit checks, background checks), talking to lenders, replying to BP posts, attending REI meetings, email property managers, and many moreAll of these things are done early morning, during lunch, or after work ^

Snowbirds come when the snow falls and stay until it melts...that segment has already booked their stays or will be in the next few weeks. 

The average of 85 inches of snow and months like January averaging 25 degrees can create a lot of maintenance problems.

I am not sure where you live but here is my current list - you do not need to do all these or any of them - I am just sharing with you to give you ideas how a small investment can pay off big time if you are willing to work at it.Plowing snow - with a decent truck and a guy who likes to work I have made over 2,000 in one single storm.

Listing Price: $239,000Purchase Price: $200,000Down Payment: $40,000Income Generated (100% occupancy):       $2,844.00 (In the process of being increased to $2,960 because of remodel)Principle & Interest:   20% (HELOC):                                                                  $227.00   80%:                                                                                  $811.00Insurance:                                                                           $125.00Property Tax:                                                                      $229.00Electric (Common Area):                                                   $60.00 (Based off previous electric bill)Water (Entire Building):                                                     $115.00 (Based off previous water bill)Trash:                                                                                   $110.00 (Based off owner's historical records)Repairs (5% of Income):                                                    $142.20CapEx (5% of Income):                                                       $142.20Vacancy (8% - 1 month annually per unit):                     $227.52Management (10%):                                                           $284.40Lawn Care (Mowing & Snow Removal):                          $50.00Monthly Income:                                             $320.68JUDGE HARSHLY!

Freezing, salt and snow plows tear up roads - warm weather hits and issues are addressed. 

Lastly I love having the HOA to deal with stuff like the roof/siding/snow removal, etc.

You would then share a copy of the estoppels with the Vendor and work through any discrepancies between the estoppels and the information supplied by the Vendor.You would go through a similar exercise with any service/supply contracts for the property (i.e. snow removal, janitorial services, HVAC, leased laundry units, etc.). 

As an investor, our time is mostly spent setting up parameters also called structures for our next deal(s).  Now

Normal 3/2 1600 sq ft house in northern snow country.