The BRRRR method works well long-term because rental properties give you depreciation, which lowers your taxable income, and tax-free equity access when you refinance.

I use it to see what the average is for the immediate area and bed/bath count, then I look at listings in the area to see how booked out their calendars are and what they are charging for a typical booking, aka The Enemy Method. 

I use the Hybrid method between STR and MTR.

It's always the quality that matters, not the quantity. 

Quote from @John Bratcher: Looking to get started with Longterm Rentals and very interested in Out of state Turnkey companies like Mid south Homebuyers hasn't anyone purchased a project from them as they advertised they have qualified tenants with purchase and built in warranties Hey John, welcome to BP and awesome that you’re kicking off your long-term rental journey, turnkey can be a good way to get started especially if you want a more hands-off entry, but just be careful to do your own due diligence on any company’s claims about qualified tenants and warranties because not all turnkey providers are created equal and sometimes the promised rent or tenant quality doesn’t match what you’d see in reality; one thing that helps is looking at strong markets where fundamentals are solid so you’re stacking the odds in your favor, and a market I’d recommend exploring is Columbus, Ohio because the macroeconomics here are really strong with fast population and job growth and a wave of big companies moving in or expanding like Intel, Amazon, Google, Honda, Microsoft, LG, Nationwide and more which supports both rent demand and long-term appreciation, and you can still find deals in the $120k–180k range that hit the 1% rule or at least cash flow right away so even if a turnkey provider falls short on their projections the underlying market helps carry the investment; turnkey companies vary quite a bit, but pairing them with a market like Columbus where fundamentals are backed by real growth can make a big difference.

What methods of communication do you use with owners and tenants?

Plan on doing this the BRRR method.

Higher quality properties don't have tenants that disappear in the middle of the night and you don't have to deal with tons of unqualified applicants.

And good point about pricing—once guests hit 90 days, they definitely expect more of a long-term discount.Curious though, did you notice the guest quality or stability improve when you moved to 6 months, or was it mainly to avoid turnover and HOA headaches? 

Wait . . . if buyers see one issue they wonder what others they do not see . . . put a quality product out there and you will get top dollar