Mid term rental

Member since 2024 · 9 posts · 2 votes

We are researching mid-term rentals as an investment strategy. Where is the best place to find reliable data and educational resources on how to get started?

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Michael BaumPro Member

Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes

2mo

So MTR's are really just a shorter term long term rental. Don't treat them like longer term short term rentals. It will bite you hard if the tenant decides to squat.

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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
2mo
Why are you choosing midterm over STR or LTR?
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- Erica GutkePro Member
  OP
  Member since 2024 · 9 posts · 2 votes
  2mo
  Quote from @John Underwood:
  
  Why are you choosing midterm over STR or LTR?
  The city of Morrison doesn’t allow STR.
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- John UnderwoodPro Member
  Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
  2mo
  Quote from @Erica Gutke:
  
  Quote from @John Underwood:
  
  Why are you choosing midterm over STR or LTR?
  The city of Morrison doesn’t allow STR.
  
  There is always right outside the city limits to get around that.
  1 Reply
Lauren Kormylo
Rental Property Investor · Phoenix, AZ and Rehoboth Beach DE · Member since 2019 · 1k+ posts · 1k+ votes
2mo
There is a separate category for Medium Term Rentals, you might ask there. https://www.biggerpockets.com/forums/925
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Michael BaumPro Member
Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
2mo
So MTR's are really just a shorter term long term rental. Don't treat them like longer term short term rentals. It will bite you hard if the tenant decides to squat.
4 Reply
Mike GrudzienPro Member
Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
2mo
MTR is LTR. Background check, credit check, signed lease.
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- Tyler Divin
  Property Manager · Chattanooga, TN · Member since 2018 · 175 posts · 134 votes
  2mo
  Quote from @Mike Grudzien:
  
  MTR is LTR. Background check, credit check, signed lease.
  Bingo.
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Angela Venger
Member since 2026 · 47 posts · 21 votes
2mo
You can honestly just use AI for a lot of this, paired with your own research.

I'd ask AI to look at the suburbs of the city you're targeting and check a few things: does the town have over 200K population (that's your demand base), and how many hospitals, universities, and corporate offices are in the area. Then find a midpoint between those.

One of my rentals sits within 15 minutes of major hospitals, universities, and corporate offices. I did that research before I ever purchased it, and I made sure the population was actually growing, not shrinking.

That proximity is what makes a property work as more than just a short-term rental. It gives you options like MTR and LTR.
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Allan C.
Rental Property Investor · Member since 2018 · 826 posts · 810 votes
2mo
I suggest you think about fundamentals. If existing data shows that a particular market is good to invest in, other investors will eventually crowd it out. Think long term and invest in fundamentals that make sense to carry you through the investment cycles.
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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
2mo
A really good rule to follow is if the stay is 30 days or more - then get their ID and have them sign a lease.
Also, if from Furnished Finders, you have to screen them!
[email protected]248-209-6824
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Ray WilliamsBusiness Member
Lender · Denver, CO · Member since 2017 · 153 posts · 69 votes
2mo
One thing worth adding to what's already been said: most agency lenders (Fannie/Freddie) don't have a separate "MTR" bucket if the lease is 30+ days like Mike mentioned, it typically underwrites as a standard rental, full stop. Where it gets more interesting is if you're buying a property specifically for this strategy rather than converting one you already own. A DSCR loan lets you qualify off projected market rent rather than your personal income, and depending on the lender, some will let you use furnished mid-term comps instead of standard unfurnished rent if you can document the strategy with real listings. Worth asking about specifically if you go the DSCR route, since not every DSCR lender treats furnished/MTR income the same way. There are also STR DSCR loan programs that could help as well.
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