I'll provide two scenarios below for you to research.

One: I buy it as an investment to put into a portfolio and rent it long-term and forget about it for 10 years and let Pamela manage it for me. She finds the tenants, she does all the work and I pay her 10% of the monthly rental. The ballpark rent on a yearly basis is $850 per month. I have to finance the purchase with zero money down over 20 years. Should I purchase it and let Pamla rent it? Use numbers to justify your answer. (Note: you must find the PITI: principal, interest, taxes, insurance)

Two: I buy it to use during the summer months, to let friends use it, and rent it out during the peak rental season for four months at $2500 per month while I'm not using it and have Pamela find the tenants and manage it for 35% per month of the rental, which is about the going rate. I have to finance the purchase with zero money down over 20 years. Should I purchase it and let Pamela rent it? Use numbers to justify your answer. (Note: you must find the PITI: principal, interest, taxes, insurance)

Is there a difference between One and Two? What is the key difference?