Thank you,-Matthew  I would try to visit these places and build out a solid team

Conversely, if you don't have much capital, you will likely be looking at a path that requires more "sweat equity" from your direct participation in the business.Finding a team either locally or out of state will be a great first step.

Mid term is a great strategy for first time landlords. 1) typically rents for 50-100% more than long term  2) less wear and tear on your property since furniture is not being moved in and out 3) low stress with great tenants since you are hosting business travelers and relocating families that stay 90 days on average which is only 4 flips a year. 4) can be easy to self manage alongside your sales job. 5) process is similar to long term with tenant screenings, leases and rent payments. 

Moving forward, host responses to reviews that contain traveler personal information—including first names, last names, or initials—will be hidden from view.

Closing in your name is fine — you can always move it into an LLC later after talking with your CPA or attorney.

If you take the money out at a loss and reposition it into a different market, you need a new team.

The BRRRR path can be powerful, but it’s also a lot of moving parts, so building a reliable team early is huge.

I moved from Portland to Columbus, Ohio back in 2020 to invest and now own 10+ rentals here, and what I like about this market is you can still find SFRs in the $120–180K range that hit the 1% rule and cash flow from day one.

That’s simply to say I felt some validation and sense of kindred spirits to Dave Meyer and his team once I started listening to episodes of the show. 

Pics look great online, then I walk through and point out everything that was cheaply done, and we move on.