@Johnny Wolff Would say it depends on the city.We used to manage a property in Royal Oak, Michigan under the same "roommate" concept as you.

We live local and are self managing.  

A Pro membership gives you the tools and resources you need to start, scale or manage your portfolio.

How do you manage banks calling to speak with the seller after a sub-to deal?  

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects.

How'd you like to go to a restaurant and see a separate fee for cleaning the table or refilling the salt shaker? 

Expenses like this include things like property taxes, insurance, maintenance, administrative and office costs, payroll, marketing expenses, and property management fees. 

I don't understand why there is such a wide variance between these two cabins right now - same formula.Also, I asked @Collin H. if there was any correlation he could find between the cabins his company manages that are doing somewhere between 15% drop to 50% drop and he said he could find no correlation.If I were to build another any time soon, it would be with a huge down payment, so it would not be so heavily leveraged for my risk tolerance right now.  

Gotta get you a good PMS to manage effectively.

Access to restaurants, snorkeling, casino, Truck Stop, etc. limited resale market, no financing all cash deal, I like Belize.