We're in the position of being able to travel in 3-4 years and are questioning whether or not we want to manage "from the road" (especially the leasing activities; selecting tenants, trusting someone else to do that, etc.)

Also, is it effective to start rent higher than projected and just work yourself down until someone bites?

Also, if your local MLS  offers a printable 1004MC report (after you select comps) you can use that to gauge market trends and determine a pricing strategy when ready to relist. 

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I have questions about the fluctuation of this over time and how it effects the numbers overall.)HOA & projected maintenance/ongoing repairs are another 11%-ish.Cash Flow: $363 Overall, I'm feeling really good about this purchase & it's potential.

As petroleum prices sink to newly tested lows, expect the trickle-down effect to take a toll on the cities in Texas, Oklahoma, North Dakota, and fracking states, like Ohio.While Charlotte and Atlanta are both good investment locations in 2016, I believe it is safe to say that Seattle is going to take the cake in 2016.

@Paul MacInnisAround here it's not really cost-effective to build anything that small at the moment.Unless demand is up in Windsor / Falmouth, does it really make sense to build?   

My lease states tenancy is for residence only, no business of any kind, and no conditions that would effect my normal insurance rates.  

Truth is...I don't have time to allocate to doing those things and be effective (or perhaps in part because I'm lazy, sure).

If you choose to invest here, tenant selection will be key.