The skiing pales in comparison to Colorado or the Sierra Nevada of course, but I still thought it was pretty great as a kid growing up in the midwest 😃

Under the moon's pale glow we meet,An accord struck without the street.No lender's gaze upon our pact,Just two souls bound by what we act.An owner aids the buyer's quest,What funding source is thus expressed?"

Quote from @Michael Paling: 50% is too high.First off, the majority of my tenants never cause problems, so they have nothing to lie about.

There are so many opportunities in RE even with the challenges in residential market (which pale compared to office space RE).I believe in general rents lag property values.  

Quote from @Michael Paling: I've got nothing to contribute for STR advice, but I'm curious what town you're looking to buy in.

And while each of these is a potentially large expense, they pale in comparison to your biggest financial risk: A judgement against you for gross negligence.  

You mentioned they have kids, so they probably used a diaper pale before which is more or less the same concept as putting tp in a trash can.

There are county taxes but they pale in comparison to your municipal and state taxes.  

The modern color today is a pale grey.

That just leaves the walls... if they're in good shape after removing the wallpaper, consider a soft pale color--maybe something out of the floor mosaics--to relieve the antiseptic white a bit.