This makes more sense for me because it is passive compared to how active my multifamily property was, even with a property manager.

If you're serious about investing think about the time sitting on the sideline compared to the opportunities and ROI for properties you could have purchased.

After the unit is empty we do a video walk through with the tenant and can compare it to the video we did on day one.

We can easily cover the mortgage with our W2 income and we anticipate we will cover the mortgage and then some with the STR income (it has a track record of this with current owners and also comparing data from surrounding comps).

I can send you my templates offline as well to compare. 

You are also purchasing a LLC that may have potential previous/future legal exposure; compared with starting a new LLC when you purchase a property.

Not a big house compared to the area but good qualityApproved for financing with equity in land as downpayment (would not have to put much down)Per area realtor, there is demand for both vacation and long term rentals.

Is there a general rule of thumb for comparing apartments to houses?

I am confused on this and could use some help.While I’m here what makes a state unnatractive to invest in (other than high property taxes) compared to other states?

Hi Intan, I'd be curious to see the listing itself as quality of images and how it compares to other listings available is quite important.