Also, you may have to go out of state if you want cashflowing properties, if you’d rather stay local then hanging on to those wouldn’t be the worst idea.

A good dynamic pricing utility like wheelhouse or pricelabs can optimize price and minimum stays throughout the year.

Stay away from those large projects until you have contractors that will do what u want everyday, the contractors cause the majority of headaches on these jobs, good luck in the futureBigger is not betterStay small

If your goal is to just keep low risk cash flow then just stay where you are.

Key is having the discipline to follow thru with the understanding that sometimes life can get in the way and our circumstances change. 3.)

I'd see if the tenant is interested in staying in the place for another year, maybe with a small increase in the rent (let's say from $775.00 to $800.00). 

I sent the tenant a certified letter to introduce myself saying I’m the new owner and she’s welcome to stay if we sign a new lease.

If you Dad stays on the title as an owner he will need to sign loan docs etc, i would rather keep it simple too, but its not a big deal to have your Dad involved if you have good understanding with him.

My wife and I plan on staying in Europe for a few more years but we are looking into purchasing a 2-8 multifamily unit either in TN or NC around the large Army bases where we have previously lived and know the area. 

My idea is to take out an FHA loan on the property and "live" in one unit, as in have my mail and whatnot set for that address, but still stay at my parents.