Multiple 1bd 1bath units. Quality tenants possible?
Hello,
I am considering a 5 unit in VT half a mile from a big ski hill. It consists of one 2bd/1bath, three 1/1 and a studio. The studio is currently occupied by someone who property manages for a reduced rent. I am interested in using the larger unit personally and as a AirBNB. The numbers still work favorably (8% cap rate including 5% vacancy and CapEx) even with no short term rental income (which should be considerable). My worry is about the quality of tenant 1bd/1bath apartments will attract. This would be my first out of state unit so don't want to deal with terrible tenants from 3 hours away. Does anyone have any thoughts on this? I appreciate it.
Best,
Mike