I would focus on making sure the deal is gonna cash flow or at least not be negative cash flow with a 15%(of gross rent) margin for CapEx but you do need to have some $ stashed in case that big expense happens on Day 5 of owning it.

@Margarita Chacon , regardless of the reason, it will be a very long time until you can evict, even if it is related to gross lease violations.

I have 6 properties (single family homes and duplexes) that bring in about $90,000 gross rent / year.

The current tenants are pretty gross and don't take very good care of the place, but since its cash flowing well we were planning to keep them on for a few months then look to refresh in the spring and find new tenants. 

Short-term rentals are much more work and much higher Op Ex as you are paying for everything (cable, lawn, pool, electricity, furnishing, post and pans, linens, etc.) but they also bring in (usually) a much higher gross income. 

There’s about 4 listed on Mayfair which is a southern Anchorage area and they are bigger and nicer than most but, again, with a gross rent multiplier of .8-.85 they may not have the cashflow you’re looking for and given their age they may be more maintenance than might be reasonable if you want to do the work yourself.

yes, I did sell the same way but had to deal with the withholding of 15% of the gross sales price for tax purposes as required by the U.S.

I'd set up high-cash-value life insurance policy for 40k with a gross 5-year outlay of 200k.I'd borrow the cash value from the first year immediately, place it in an index fund along with the remaining 30k.

Typcially, self storage property management fees are 5% of effective gross income.

Some do 1% of the gross sales price and have a minimum, other's try to charge multiple points or a large flat fee.