The salesman assures me that the vents are for air intake only and the unit can go flush - that if I open up the wall there will be sufficient air intake from the air between the studs - but of course he'd say that; he's trying to sell me the unit.Comments?

I had to buy space heaters for the other rooms.Two years later I was able to find a beautiful duplex in the same town that was much bigger, had a yard, a garage, and central forced air heat, for $1500.

This would total $1,600/mo.Other considerations:- Older septic system- Great set up for a shared laundry- Main house is in pretty nice condition as the owner had it as their primary residence and made several updates (gas forced air, cat5 cabling, hardwoods, etc.)- Requires property manager as I live ~1 hr away- Multiple income possibilities, but could mean more turnoverI was offering in the $220k range, or a higher price but with closing costs paid by seller to help minimize cash out of pocket. 

Now that I've come up for air I figured it would be a good time to introduce myself and begin networking in order to take advantage of the other valuable resource BiggerPockets has to offer, the vast community full of like minded individuals with diverse skills, experience, and expertise.A little about myself...

Picking a "huge" number out of thin air is about accurate as throwing a dart at a board full of options while blindfolded.

@Kristine GarbergI was just in Italy for two weeks staying in various Air B & B's.

He may have mentioned Vegas because then you could use it as an Air BnB property.

Whether you air bnb, rent it out (seasonally or year-round), or just own it as a vacation home or part of a timeshare, I'd like to know how your numbers have changed and/or how you've had to adapt. 

Some initial thoughts:Does the house have central air?

It was mechanically perfect except for and older air conditioner that worked just fine.The numbers:I Did all the work myself except for granite install and carpet laying.Purchase price $185k + 25k in renovation= $210k invested Bank interest was about $5k/year X 5 years= $25K Total taxes paid $21kTax free profit because it was primary residence= $63k.There was a bit of appreciation but not that much.The bank appraisal when I purchased it was $215 and the assed value was $280 so I definitely made money when I originally bought it.I considered renting it or doing FSBO but called a realtor friend in for a consultation ahead of time.