Of course using 1099s etc. your father can do what he wants with the loan$$ even invest it in a 506 or go on vacation. 

My wife and I are looking to purchase her deceased grandfather's home and use it as a vacation rental property. 

I self manage my vacation rentals and so there is tons more work that goes into those but again the money is  10x. 

In Florida, it can take about three weeks to settle an eviction lawsuit against a tenant who neither pays the rent nor vacates the property after receiving a three-day notice, as Evict.com states.

Hi, I'm a rentalpreneur with 3 years experience in all aspects of vacation rental hosting via airbnb.

Regarding your question, I took a 4.5 month vacation a few yrs back and after that I realized I was no longer in love with the idea of trading my time for money until my 60's.

I used my 2 week vacation to install all of the electrical, furnace, and gut the bathroom, solo. 

If no garage, yes, a carport is a worthwhile addition.Families with kids are probably best, but Fair Housing laws don't really allow you to pick and choose, so there's that.In general, they are not, except for perhaps short-term or vacation rentals.Yep: the suburbs.I believe at least once a quarter.Depends on the standard set by the neighborhood in which the rental sits.

In those areas, you'll have more opportunities to convert to vacation rentals and Fix and Flips for top dollar when you're ready to exit.  

Your lease, your checklist for vacating the premises, etc.