I recently purchased a 2-bedroom, 2.5-bath condo/townhouse in New Jersey in November 2025. We have completed several upgrades, including replacing all carpets with luxury vinyl plank (LVP) flooring throughout the unit...

I'd then be renting by the room/ getting roommates for the first year then either traditional long term or sell after 2 years.Can’t recall this being a strat talked about much 

I don't recall seeing any over in Placer County.

I recall around that time that the buyer-seller-agent relationship had changed drastically to where now the buyer must pay their own agent's fee rather than the seller paying for both.

I don't recall if they said why.

I recall from an earlier post that you were considering using the BRRRR strategy for workforce housing.

I’m a mortgage lender who works with a lot of real estate investors, and I’m curious how this group thinks about cashflow mechanics, not just financing terms.Most discussions I’m part of revolve around:interest ratesamortization schedulesleverage and qualificationBut occasionally investors ask questions that sit outside the loan itself:Where should rental cash sit between inflow and outflow?

I think you're seeing this a lot right now - especially since the post covid rate increase Buyers let the house sit, relist, remove listing, rent etc and are waiting for rates to come down to get the price they want Sellers are waiting for rates to come down to buy at a better rateIt seems to be a weird dynamic right now.

At this present time I don’t recall seeing any people bragging about their  ( STR) Short term rentals that have to utilize the services of a property manager. 

Quote from @Sandy Hu: I wanted to share a recent deal structure that may be helpful for anyone sitting on equity in a high-cost market.A client recently:Did a cash-out refinance on a California primary residenceUsed the proceeds to purchase a single-family rental in MichiganIs closing in early FebruaryWhat made this work smoothly:No relocation requiredProperty manager is picking up keys immediately after closingClient transitions straight into passive monthly incomeNo short-term rental or active management involvedThis wasn’t about chasing appreciation—it was about:Redeploying trapped equityImproving cash flowKeeping the setup simple and scalableI’m seeing more CA homeowners explore Midwest rentals when local numbers no longer make sense, especially when paired with professional management from day one.Happy to answer questions around:Structuring equity deploymentOut-of-state investing considerationsWhat to look for (and avoid) in Midwest rentalsHope this helps someone thinking through similar options.