Quote from @Eddie Meier: @Terrance Hill Thanks for the response Terrance. 

It's easily $85,000 smackers just to buy the property and you get 7% interest so your monthly payment on $320,000 principal is $2,129 plus taxes and insurance.

Just not something that can easily be handled in a secondary market environment.

Yes you should be able to self manage pretty easily with 4 guests per year on average.

But it could be easily tapped based on my conversation with city water.

Build cost would be $2.8m easily. 

Enrique, this is an excellent breakdown — vacancy is easily overlooked as a cost, but it’s huge when it happens.A couple thoughts from my experience:Marketing + automation: Using professional photography, 3D tours, and multi-platform posting really does cut days on market.

That means they should EASILY have a list of 10+ insurance companies that meet their requirement.

Give proper notice when due, and then don't renew the lease when it is up.Tenants, especially experienced ones like yours, will understand that if they have a judgment after an l/t court case, they may lose their voucher if the judgment is left unpaid.Just a note:  you can easily check public records through the Unified Judicial System to investigate if a potential tenant has been evicted or charged with crimes.  

Carpet gets stained and dirty very easily and I would hate having to clean or replace carpet for every tenant move out.