Quote from @Abdur-Rahman Felton: The first thing I recommend is that you look at yourselves and be honest.

If I jump to the end of this story first, I will tell you that at 7% interest and high market values, very little cash flows well when you take into consideration principle, interest taxes, insurance, and a $100 maintenance reserve… at least where I live in Florida - but we have really high insurance rates.  

Purchase price: $580,000 Cash invested: $75,000 Townhome in the highly desierd Rosemont area.

We use QuickBooks Online exclusively for all of our REI Clients for their master accounting solution.

I will only do online payments there.

Strongly recommend checking him out on IG or FB where he posts meeting dates etc.

I have a strong conviction this area will turn around in 5,10, maybe 15 years and soon become highly desirable.

I know it needs a few things (bathroom size) revised to make it code compliant, and I will need an architect to help navigate zoning (another thing we don't do in Houston :D), site plans, elevation aesthetics and local requirements. 

That you wisely build in the costs for replacement linens and towels (also offer black face towels), possibly don't use high-end top-down shades in the Bunk Room (although those black out shades match all the shades in the rest of the house and it's a high-end property), chalk can be brushed, semi-gloss on walls for easier clean-up... and yes, there are clear check-out directions to run the dishwasher provided via an online guest book, a physical guest book, and an email I send regarding check-out the day before they check-out.

Hi Anna, I just sent you a lender that I use and recommend.