It's kinda tough.

@David Faulkner  this works for many.. others don't know diddly about construction and any perceived savings actually end up costing more in over runs and contractors taking advantage.so they want a price set.. they can rely on.. you know running contractors is a tough job.

Robert Barnes that's going to be tough because of the property value being sub 50k.

I have a few tough situations I'm facing already with inheriting a tenant, but I will get into those details in another post!

@David Jiang,You need to give your own notice of non-renewal, Don't think for 1 minute that the prior owners notice would even hold water,, he shouldn't have given notice, plain and simple.Get it done ASAP, full either 30/60 notice per your lease arrangement, call her case worker at sec 8 and ask for copy of lease, if she or they can't provide it then she's on 30 day,, month to month and notice needs to be written, post at door, and put copy in mail and notify sec 8, given prior to the last day of the month, I usually always give a non-renewal around the 15th. 

I'm well aware of the class of tenants and potentail vacancy issues that could arise here but the cash flow is tough to ignore.. 

So, yeah - the competition will be tough, maybe cut-throat even.My $0.02 ...

The commute would be pretty extreme and would be tough with my family situation. 

Maybe being by the airport might be tough for short term rentals, as far as being a desirable location for visitors.  

But I'm having a tough time deciding where to invest...My husband and I have been interested in Whidbey Island for a vacation rental investment, but I am also open to the BRRRR model locally, since we have more in-depth knowledge of the real estate in our area (Tacoma, WA).