Hey Guys I'm a recent wannabe investor from Portugal, 24YO.My first deal went pretty decent. small 2 bedroom apartment, with furniture, ready to rent for 37k after taxes, rents for 350 a month, I'm quite happy with the return!

The other issue is that it seems to be a pretty nice house, which leads to the issue of finding good tenants - often tenants who can afford that high of a rent for a year could also just a get a house and just pay the mortgage (not all people do this, but it does limit the demand for the commodity you are supplying.)I've seen people run distance rentals successfully and unsuccessfully.

Maybe if supply and demand ratios changed and they were desperate.

The owner was kind enough to supply me with his nephew's contact information, but I have not had any success in contacting him. 

He will supply the down payment and I will oversee the business end of the deal.

For airbnb furniture, look for sturdy items.

I generally do not pay for a quote for most construction type work, but for some services around here that are in short supply like plumbers and heating/air HVAC they do charge up to $100 for a quote and then take it off the price of the repair / upgrade if they do the job. 

By the law of supply and demand, that means you'll be getting less for your property.

All policies are different, but generally it is something like this.Homeowners: Covers structure, personal property, and personal liability and legal expenses.Landlord: Covers structure, lost rent due to non-habitability due to covered event, personal liability and legal expenses, and YOUR personal property like a washer/dryer or furniture if you rent the place furnished.

You are in for 185,000 can sell for 280,000 and even after fees and recapture or whatnot you still bank 60-70k   Use that money as seed capital to do it again  This probably was a better flip then a long term buy and hold just based solely on the numbers you supplied