The difference between an OOS landlord and a boots on the ground Section 8 landlord like myself is my handyman would do the above work for me for a few hundred dollars and a 12 pack if I buy the materials because he’s readily already working on my next property. 

There is not room to subdivide the lots and to pack in more houses.

Rate : 9.5%R/V Ratio :1.1%If you factor in vacancy at 5% you get:Cash Flow: $2,913Cap.

I like to do nice little things for my tenants.Garbage Man - $20 or a 12-pack.

And this works for the old investors: they can keep making money (although a little less than expected) and wait until new investors are priced completely out of the market and the new investors pack up and go somewhere else.  

So it's not as tho you're  going to pack your bags while the ink is drying on the HELOC.

We have travelled there several times and are considering packing up and not returning.

The cleaning isn't going to get done by itself,, and a clean building KEEPS tenants,, a messy, smelly, dark burnt out lighted hallways sends them packing. 

Whereas if we lived in a low rent apartment complex there would likely be a pack of kids running around.

I am looking to do mainly boat and RV storage.