They were designed for investors who are buying properties in LLCs and building their rental portfolios.

Tenant acknowledges the rental was represented through marketing materials designed to attractapplicants for in-person inspections.

I like Roofstock's website for evaluating deals and can filter for attractive cap rates and gross yield but went I get into their numbers I see they never use 10% maintenance and 10% capex.

  $30-35k per year is not very attractive unless the property manager handles just about everything and you are free to make money elsewhere, or have the resources to wait until you build it big enough for a more attractive income. 

Value is ~775k.Used a great/expensive builder and hired a designer to make all of the choices on finishes.

Cash flow allows you to live a life by design NOW instead of waiting until you retire.Of course there are many more than 3 reasons.

I send it to a separate personal account that is specifically designated as my investment fund.

The county made me get an engineer to re-design the building's framing because someone put a heavy tile roof on the house.

For a property that is not within walking distance to the beach--how far away from the beach will still attract tenants?

Howard Beach has pretty attractive yields and is close to the airport.