It is similar story for Brownsburg.Honestly, if you are in Shelbyville, find a house in the downtown walking distance to bars, restaurants, grocery. 

It’s not usually a “cash flow day one” market unless you do some house-hacking or short-term rental strategy, but it compounds incredibly well over time.

Our thoughts was to find someone that would want to rent the condo for 4-6 months in winter months and then Short Term during Spring/Summer months.

Understanding your funding options can make or break a deal. Many investors lose opportunities simply because they don’t know what’s available outside traditional banks.

There is a need for short term living for people displaced due to insurance repairs on their home and insurance pays a lot more per month.

Is your offering to the C, C+ customer going to be able to convince them to live there compared to other choices they have in the area.[3]   What are the local amenities within walking distance that are available to the renters?       

Hiring a full time Property Manager will likely make it difficult to execute the Short Term Rental Loophole, but many Property Managers offer consulting to allow you to fast track your learning curve on providing exceptional service.

Hey @John Nocera, long distance BRRRR is a great way to build a real estate portfolio.

Have you ever tried combining private money with short-term loans to maximize leverage?

Since you’re new, focus first on learning how to analyze deals and understand what a solid investment looks like—Brandon Turner’s The Book on Rental Property Investing and David Greene’s Long-Distance Real Estate Investing are great places to start, and both align perfectly with what’s working in markets like Memphis right now.