Long Distance Renting
Hi Everyone,
My father in-law won a bid on a property in Fort Myers, Florida for way less than what the property is worth. It's right across the street from a beach, and he said it's sort of like a duplex type deal. Mainly for vacation goers. I'm wondering how difficult it would be to be a landlord from so many states away?
We are from Ohio, so we might be able to make it down there once or twice a year. He could flip it and make 100 grand profit within a few months.
Would it be better to rent it out, and get 600 bucks per side per week (vacation goers)? Or flip it and buy a couple rental properties up here in Ohio?