If you’re truly convinced the country is going “socialist” then you should probably buy gold and turn off the news.

It is pretty easy to keep it fully occupied but it does mean I turn away a ton of people who want a lease that doesn't quite fit my requirements. 

Are you taxed on the net or the gross income produced as a non-resident ?

This totally would have been a deal breaker had I known before signing up, but now I'm too far into it to turn back, so I need to make something work.  

These costs would eat into your profits.The case for sellingEven at $125/month, your cash flow is slim, and any unexpected expenses could turn this property into a liability rather than an asset.

Real stone fireplace, quirky kitchen, a shower you could barely turn around in.

However, it adds up quickly if you analyze the cost of turning the unit, marketing, vacancy loss, and your team's time to find a new tenant.

I can’t imagine what kind of things the city ask for turning silo into a house haha

It may not get the number of wind/hail storms like TX does, but when the storms do hit in MN, they're usually very large systems, and produce awful hail damage. 

If they pay all their bills and maintain a job it's unlikely they'll turn into an unemployed bum once they move in.