Let me know how I can help.Hi Stan, we were in E-Town yesterday, so you're relatively close in a rural'ish Kentucky sort of way!

Their parents are very involved and they love our safe location and renovated units.Because they are outside they love and take advantage of our parks, beaches, town and public transportation...Never an issue with rent (but that has been the case with all of my tenants), and they absorb increases in stride.

I would be an out of town investor so will need advice on whether to use a PM or try to mange from OOS with a reliable handyman?

But outside of a town with less than 25k people there are probably 10-100+ different neighborhoods with different rents in every city. 

The property I’m looking at right now would be bought and rehabbed using HM and with current numbers I do not think the HML would be able to get paid out at the refinance.ARV: 390 rehab: estimated at 110-115k  The seller is asking for 289k but there is no way that would work using the 70% rule. market rents: 1500 each unit since we are looking to add a bedroom in each unit and there’s a bonus unit on the third floor (basically a three unit but wasn’t reported with the town) 

@Paul ClementsIt’s the town that wants it cleared right?  

I list a lot of properties in Killington and the surrounding towns and my firm and some of the others, generally keep the property on the market for several days and sometimes for as much as a week or more.

It's not money for nothing (and your chix) for free.You will have to spend time working at it.You should ask yourself--is doing the things I need to do to operate this rental business, and taking the financial risks I need to take the right thing for me.Also do you know enough (in your judgement) to be able to start in on this yet.For instance, do you know what a P-Trap is, what about bug control, do you know how to legally evict someone in your town, and do you have money set aside to do this and also to "Turn" the unit for the next customer/renter while still paying the mortgage?

We can't even find a reasonable rental in town...Any thoughts or suggestions will be really appreciated.Thank you

We could build duplex, triplex or town homes.