The driveway is probably a 16% grade and faces north, and it definitely ices over and stays frozen if it's not cleared right away.

Most novice investors make this mistake they look for the most expensive sales to see if they can justify a higher price but they ignore features the buyers really care about Ling stay in the home.

If tenants stay on average for 2 years, that's an extra 1/24 (one month out of 24) of rental income going to the PM. 1/24 = 4.2%.Most PMs charge a renewal fee if a tenant re-ups.

All my kids go to LR if they stay in this area. 

I had some that stayed over ten years, but I charged below market rents as I don't raise them and market rents escalated rapidly where I am, in NY.

If it is not owner occupied, an HML will do that (if they get comfortable with the low loan amount).

@Patrick CostelloI'd say there are a few reasons why someone would buy a such a high price.They believe the market will keep going up, or plan to stay in for a long term.

In Florida, Teen killed in motorcycle accident  ( highly suspect that his plan to claim on insurance went awry and strong prescription painkillers involved).Single person occupancy and he was the only person on lease.He was in the midst of moving out, but left behind starving animals, drug paraphernalia, junk.Now multiple strangers are driving around and selling off his 6 vehicles and have been staying in the house after his death. 

If you're not interested in women, no judgment here, but I suspect when all is said and done the same financial realities are going to be completely true about gay people -- overwhelmingly, long-term couples that fight to stay together and build their financial future together are the only ones that have a chance to make it.

Or, do rents stay steady out there?