If the deal is great and you can still make your numbers work with the plumbing issue, then you may just have to eat that.

We all bring our belief sets, patterns, and behaviors to our investment decisions, and it’s really important to be conscious of that fact.

@Jay Hinrichs I once had mice and you can eat off the floors in my house…guess I’m the 2.3%

My job as a manager eats up 48-52 hours a week, but I have my mornings to read about real estate investing and do some online searching or driving.  

Don't really know why I'm reacting like this to this one, Linda, but the suggestion that you can "have your cake and eat it too" down in C-class just sticks in my craw.

Property management is overpriced and eats into a significant amount of cash flow for little work.So I'm wondering, are there other options?

There is so much complexity for each LLC it just eats into your profit and is easily avoidable IMO. 

They've tried selling it in the past for around $400k-600k as well as selling individual cabins; however, there were never qualified buyers.My parents are nearing retirement and the burden of this property is eating into the years they'd like to go elsewhere and enjoy. 

You may want to eat the cost this time (unless Tenants behavior is forcing you to change them) and then add it as a tenant expense for the future.3.

There are countless local places to eat, night clubs, the Philharmonie Berlin, Christopher Street Day Parade in July each year, and here there are more than German cultural influences as the second 'Turkish capital of the world' Berlin is more of diversified, modern city that seems maybe more of a tourist destination than other areas in Germany.