Personal expenses like your own utilities aren’t deductible.

Confirm market rents with a property manager, verify separately metered utilities or price in the fix, and budget for vacancy, maintenance, and reserves so your buffer stays intact.

These properties look like they make money on paper because they're bought with unrealistic assumptions... and then they don't turn out as planned.https://www.biggerpockets.com/forums/48/topics/1242392-rough...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/432/topics/1231840-sell...https://www.biggerpockets.com/forums/311/topics/840134-memph...https://www.biggerpockets.com/forums/963/topics/1195280-expe...If possible, I'd pick a market within a couple of hours of you.  

But if it’s your first out-of-state deal, you might want the control of picking your own tenant and setting things up your way from the start.Bottom line: inherited tenants can either be a shortcut or a headache — depends on who you’re inheriting.

It may take a long time to fully solve but with the visibly and funding, there should be some improvement to the problem in the near term.So those are my 3 local picks for outperforming the local market.

Most people think you need to own property to make rental income.Not with midterm rental and corporate housing arbitrage..Here’s the play:➡️ Lease a 3+ bedroom house for $2,500/month➡️ Legally sublease it to relocating families for $5,000/monthThat’s $2,500/month in cash flow (before utilities).With utilities ranging $300–$500/month, your net cash flow is still $2,000–$2,200/month.That’s $24,000–$26,400 a year per house from a property you don’t even own.This isn’t about chasing tourists.It’s about providing real housing at 2–3x the profit of long-term rentals — without the headaches of Airbnb.I teach people how to do this step by step, just like I’ve done myself:✅ Securing landlord partnerships✅ Setting up properties the right way✅ Attracting reliable tenants on autopilot➡️ Connect with me for more strategies on midterm rental and corporate housing arbitrage.

Many “corporate housing” or mid-term operators pitch that model but don’t always maintain the property like you would.If it were me, I’d:Take the long-term tenant if they’re solid and sign a 12-month lease.Revisit STR again next spring once demand picks back up.Or explore mid-term rentals (travel nurses, relocations) — can sometimes beat LTR rent without the volatility of Airbnb.My advice: you’re not wrong that STRs are oversaturated right now.

If you're focused on cash flow now + long-term growth, I’d seriously look at turnkey rentals in the Midwest and Southeast.Plenty of sellers are offering strong incentives right now:-Interest rate buy-downs-Cash back or credits at closing-Rent guarantees for 6–12 months-PM in place = truly passive from day oneMarkets like Birmingham, Cleveland, and San Antonio/Dallas/Houston, TX still cash flow well, and you could pick up 5–8 properties using 20–25% down + reserves.This gives you a solid cash-flow base, letting you layer in higher-yield STR/MTR plays without being 100% reliant on them.

There are a total of 13 lots with city provided utilities & sewer, and natural gas. 5 are currently park owned homes. 2x 2024's 2x 1990s 1x 1970/s.

They may also utilize your space to create additional bedrooms.