@J Nicholas Gross, there's a bunch of different aspects to this I'm happy to discuss with you. 

See discussion on this topic here - https://www.biggerpockets.com/forums/49/topics/1172782-2nd-m... 

The more complex the higher your maintenance costs will be (bookkeeping, tax advisory, tax filing, entity fees, attorney fees, etc). 

I have lived in Memphis my whole life and would be happy to connect and discuss real estate here in Memphis!

If you have any questions, want to share your experiences, or engage in discussions, feel free to participate in the various forums and connect with fellow members.Wishing you and your family success in achieving your real estate goals and creating the life you envision!

And he is also charging a 1 time yearly fee of $300 for sharing his well.

Managing it from a distance, even with family and military commitments, might have some challenges like property management fees and unexpected repairs, but there are ways to make it work.

I’m an experienced property manager/licensed real estate agent trying to develop a proposal for my management fees for starting an STR branch for a big name agency.

The first year set up is over $13,000 in my situation with Anderson and yearly fees after that.

I've come across discussions on cash buying versus financing, and Airbnb versus long-term rentals.