.- Turnkey, this will work best on long term investment.

It’s been sitting vacant ever since.My property manager keeps telling me it’s harder to fill units in the winter season (which I get), but I'm wondering if I’m missing an opportunity here.The property is literally a 1-minute drive—or a 12-minute walk—from a major hospital, and I’m starting to wonder if it might perform much better as a mid-term rental (travel nurses, short medical contracts, etc.).Right now the long-term rent is $640/mo, but MTR data in the area suggests $1,800–$2,000/mo is realistic for furnished month-to-month stays.Since I’m out of state, I’m curious:Is anyone here successfully running an MTR from out of state?

Once you step into out-of-state investing, the biggest shift isn’t the property — it’s the systems and people you put in place.I self-manage a few long-distance properties, and here’s what it really takes to make it work without losing your sanity:1.

It’s been sitting vacant ever since.My property manager keeps telling me it’s harder to fill units in the winter season (which I get), but I'm wondering if I’m missing an opportunity here.The property is literally a 1-minute drive—or a 12-minute walk—from a major hospital, and I’m starting to wonder if it might perform much better as a mid-term rental (travel nurses, short medical contracts, etc.).Right now the long-term rent is $640/mo, but MTR data in the area suggests $1,800–$2,000/mo is realistic for furnished month-to-month stays.Since I’m out of state, I’m curious:Is anyone here successfully running an MTR from out of state?

Not all debt is bad — sometimes short-term loans help reposition a property for stronger cash flow.Examples include:• Using bridge loans to renovate before refinancing• Stabilizing rents before transitioning to long-term loans• Leveraging interest-only periodsHow have you used short-term financing to strengthen long-term ROI?

I've owned additional properties and been "buy and hold" for some time without a real strategy other than "I like this place, and would like to come here myself" but without a financial strategy or playbook.   I'm loo...

Hey @Andy Gonzales, I agree, MTR has been much better and more stable for my portfolio these last few years.

Just looking to see what’s everyone’s thoughts about investing in newark nj long term in the ghetto (C-D class ) .. the market is crazy hot right now in this area.

I’ve actually seen out-of-state BRRRRs work well over the last couple years, but only for investors who treat it like a business, not a side project.The key has been building a local operations system (property manager, contractor, and boots-on-the-ground contact) before ever closing.

Hey everyone,I’m a rookie investor based on Long Island, NY, and I’m currently exploring the idea of starting a salon suite business.