04-27-2025, 09:57 AM
If you've inherited a property which is paid off you're already way ahead of the game than most people here. Your costs will mainly be taxes and insurance and cleaning and it sounds like this is a property which you will be holding onto regardless of if you rent it out or not. In that case, like others have said, find yourself a good LOCAL property manager for which I'm sure there are plenty in Minnesota (not the big companies like Evolve) and if your goal from thereon is to just cover your monthly expenses then you should find that quite doable. Also consider partnering with a co-host in your area.