Finding new tenants during the colder months can be challenging, and we aim to avoid any prolonged vacancy periods.Enhanced Flexibility for Tenant Management: Another factor influencing our decision is the greater flexibility it offers our property manager, ****, to effectively manage and find tenants during the summer months.

Sourcing deals and bandwidth (managing multiple projects) becomes your problem.

My relative is my main tenant. 

Thought is triple+ cash flow with just one insurance, maintenance, and management cost.

As others have mentioned (besides the essentials like rates, mortgage, and maintenance), it's important to consider utilities, insurance, property management fees, taxes, furnishing, marketing, and legal requirements.

I am making this my big push, as it is a win-win right now, alongside my property management business.

Will you self manage or hire a PM?

Then find a good property manager and realtor to work with.As others mentioned, you could also buy a place for yourself and rent out a suite or rooms (if you are open to having roommates).

Go over the costs of houses you're looking at, like loan payments, taxes, insurance, upkeeping costs, empty times, and fees for someone to manage your property.

This is the best place for all things real estate related.