Picture coming to work after an amazing weekend filled with plenty of fun and plenty of R&R only to discover that all of your to-dos are DONE.All the errands you had to run—DONE.All the admin tasks you were dreading—DONE.All the tedious charts and analyses and spreadsheets—DONE, DONE and DONE.This is not out of the realm for your business, believe it or not.

There are plenty of businesses where the principal hires out most, if not all, of the work - which is what you are describing here - and I don't think the outsourcing in itself changes the character of the income to "passive."

Back in 2012 anyone could make money, these days there is still plenty of money to be made but you can get yourself in a lot of trouble quickly.

Plenty are wood frame and being that I'm in Tampa, Fl, I am hesitant (Hurricanes/termites).  

Make sure you have plenty of liability insurance and/or an umbrella policy to protect you from being sued.

We had gone in with a fully underwritten loan commitment, which added a lot more weight to our offer, and the fact that Ive closed plenty of deals with this lender and could attest to their ability actually landed us the property over another potential buyer who offered a higher price with a contingency to sell their previous property.  

Hi Shawn- there are plenty of agents in RVA.

Some more popular than others.I definitely would not offer anything close to 210k they are asking for as having seen it first hand, and talked to tenants about problems,  there is PLENTY of work to be done to get it up to AirBnB standards.  

At a rate that I would likely be at that would cover it plus plenty, so it's good to know that you make it and that you are similar, thanks for sharing your stories!

I've never had a tenant complain when I didn't provide them, but I have had plenty of complaints when I have.