If it is something like $100 a month, the difference between a 50:50 and 60:40 split is $10 and not worth sweating over.

Let the seller decide if the risk is worth it to them or not. 

It would be well worth the investment. 

Definitely worth chatting with a tax pro to make sure you're set up in the best way possible. 

How much is the property worth? 

Areas like Bandon by the Sea Oregon for example, with one of the top public Golf Course's in the world, reminds me a lot of the Monterrey/Half Moon Bay Area and has attracted high net worth investors in recent years.

Here on Emerald Coast- I would say that it wouldn't be worth the squeeze.

Is it worth the time and money to try and chase the tenant to get him pay for the damages, monthly payment knowing that he did not give me a notice and damaged the property? 

Additionally, it's worth noting that this year alone, 130,000 people from 180 countries attended music festivals in the area in January alone. 

In Fort Worth, for example, payment standards are listed here, plain and simple.