Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

There’s a small annual fee for registration, so make sure you stay on top of this to avoid penalties.2.

Ultimately its the brokers, PM's and lenders who are advocating for this strategy because they are collecting their fees.

You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

If something breaks even now, what could it look like in that time period with rising rents, possible refinance if/when rates go down (lenders are offering these with no fees!)

Trust invests the cash to make the payments on the installment sale to the seller.

The Lender changes the loan to installment once they pull credit report for your seller, and omits it under 5102.4 guideline as paid by third party owner of prior home.

Great hosts will be good neighbors, will contribute to local tourism and will pay their taxes and permit fees* A major area to improve on the proposal is the 1 hour time-limit for resolving complaints.

How many are you installing a year?

This requires consistent oversight and experience, which most investors simply don’t have.The Bottom LineIf you want to lose money and risk expensive legal fees, go ahead and self-manage.