There are plenty of college rentals in the town, but I have limited competition because this property is unique, like a mini retreat, and it's very close to the training facility.

Investment Info:

Condo buy & hold investment.

Purchase price: $161,000

Cash invested: $40,000

great little investment condo, purchased to pay for the kiddos college

What made you interes...

I also have two gas meters, but the boiler is only tied to one.My Plan:Leave 1st floor on the existing steam heatInstall a ductless mini-split system for the 2nd floor (for independent heat + A/C)Shut off upstairs radiatorsRun mini-split off the upstairs electric meterDrain condensate outside via gravity (no pump or basement tie-in)If I can keep the install under $4K, I’m moving forward.Looking for advice on:Anyone do this setup — how’s it worked?

One of the first features that I focus on is HVAC, whether a High Efficiency Mini Split system or traditional depending on the home.

Operate them as a mini portfolio with smart automation, and you can easily target 10–15% cash-on-cash returns, especially with no mortgage.What Not to Do Right Now:Rush into overpriced multifamily just because you have the capital.

I like the sub 300k price point, I like the relatively modern constructions, I like that it is a mini-metro area with multi-family, single-family, trailers, or unincorporated options. 

Per our lease agreement (smoke detector batteries, pest control, furnace filters, mini-blinds, lawn care, whatever,  is/are your responsibility.That is an upgrade we can do with a lease increase of $xx/month.We cannot control the neighbors.After a few months if they continued to make unreasonable demands via the maintenance portal, I'd non-renew them.

. • Airbnb/Short-Term Rental requires a more specialized short-term rental policy, since you’re essentially running a mini business with guests coming and going.

I've also had the properties listed  on Mini Stays for 6 months plus with zero inquiry.

You can count on 30 days - 6 months per stay. provide a mini fridge, keurig, toaster, TV, comfy towels & linens. offer kitchen & laundry privileges if possible. they will also provide repeat business.