start...I couldn't locate you.As @Paul Allen mentioned when your ready to file your taxes with your Schedule C and you have no fictitious business name do not ignore the letters you receive from the FTB and the I.R.S.

Based on pictures we already love the property and location and the ideas we have for it.

@Matt Williams Exposed brick is a hot selling feature right now in older properties...get the fireplace cleaned up, seal it, and showcase it...I'd only consider eliminating it if there is a structural issue......where is your property located?

They are saying based on comparable sales (which there aren't many in this location) it is worth $425k - based on gross rent multiplier is it worth $528k.

We are located in Fairfax, VA (22030) and often host a monthly meetup. https://www.biggerpockets.com/forums/521-events-and-happenings

I am currently located in Miami, so I'm a ways away.

The townhouse I own is in a beautiful newer gated community in a great location with great pool, spa, picnic/bbq area, and $140 per month dues which I think is totally reasonable. 

@Matt RutterWere you able to locate a document?

But I would buy, not rent, unless I wanted an option for a quick move or if an affordable small house is too far away from your current work location.

@Ryan MurdockIn what areas/towns are the parks located?