I ran the report again, accounting for us paying for WSG and 10% management fees just in case (I don't plan on moving out of the city any time soon), and the numbers are definitely worse.

When we look physically at structures around American cities it seems obvious that more lost speculating on just cash flow.

It was my first home with my family and after having to transfer out of the city for work, the most reasonable thing to do was to turn it in to a rental.

I was wondering if it was possible to become a successful real estate developer in smaller markets like mine and the surrounding areas versus being in a major metropolitan city.

@Jason Gines im looking to network with like minded people , wether investing in the city or not

What is the owner's biggest problem? 

If the water main is broken or frozen (happened to me), you’ll have to have the city or the village shut it off from the street.

The City of Port Richey has given a preliminary approval for a second building which gives a new owner the opportunity to add at least 20 more units for $2000 or more in additional revenue.

I have a fealing the city will fine you as the landlord for the violation 

My biggest worry is buying all the furniture and items we'd need to make the space a BnB but then it totally failing.I don't want to spend all that money if I'm not going to make it back.