This was our first personally managed property, and replacing problem tenants with great ones ensured that we receive rent every month and minimize expenses.Lesson 2: Always make contractors sign their bids for work as a contract.

This was our first personally managed property, and replacing problem tenants with great ones ensured that we receive rent every month and minimize expenses.Lesson 2: Always make contractors sign their bids for work as a contract.

Even though you have time, I would question with minimal marketing budget what sort time would be needed. 

I would prefer MFH properties with minimal repairs or move in ready.

Minimize your risk of failure by building a reliable network of experienced individuals.

First off, I mentor investors all the time on how to buy with no money out of pocket which minimizes exposure and risk. 

We also added a laundry area inside the home for minimal cost but a huge draw for potential tenants.

@Mario Balistreri This seems like a ton of work for very minimal benefit.

We also added a laundry area inside the home for minimal cost but a huge draw for potential tenants.

As we intend to hold short term, the tax implications are minimal as this will be ordinary income for all involved.