These are areas where some of the appreciation we are seeing currently will continue and maintain (it's where the money is)...

Im going to try to keep this simple and short.Basically, im trying to convince my mom to sell her house...here is why.She bought it back in 2001 it was built in 1920 and the previous owners didnt maintain it that well and over the last 17 years she has never had the funds to do that either so this house is falling apart all over the place.

The biggest hurdles for me when self managing is maintaining a network of skilled and reasonable contractors, cataloging all of the expenses, and weeding out bad applicants and bad tenants.

link to its listing on realtor.com The inside photos look of it look very nice (though the style is getting slightly dated after 12 years) and the outside is still well-maintained.

It costs me about $5k per year just to maintain a license.

Once you have a property inspected you can get a much better estimate for repair costs as you will know if it has been properly maintained or if there is a lot of deferred maintenance. 

Unless the house is perfectly maintain f and licensed, I would pass.

You should have liability coverage in the 1M - 2M range and require your tenants to have 1M liability as well.As long as you operate a safe business environment and properly maintain your properties there should be no issues.

They have no down payment, no skin in the game, so what you're looking to do is hold a note for people with no money down, counting on them to maintain the house as it should be maintained, and giving them an interest in the house such that if/when they quit paying you have to foreclose.

I have seen how hot tubs can look at STRs even with this in practice and I for one will not be using a hot tub where this practice wasn't maintained at an STR.