More supply of medium-term rentals meant lower rents for everyone.

Looking to invest in great falls MT short term rental market. does anyone know the market for this and is it worth investing 

Purchase price: $719,000 Sale price: $740,000 Short term investment, then decided to sell and buy in another location.

I'm in Incline Village @Surock Brown and have an STR as well as a long-term rental here. 

Hey @Daisy Ruiz - I owned and operated a short term rental here in Chicago for the last 7 years. 

A great way to get a feel for start-up costs is to get the paid version of ChatGPT, use the deep search feature, and try a prompt such as "How much does it cost to furnish a 2-bedroom 1-bathroom home for short-term rentals in Minneapolis, MN?"

Be careful to average out your days and ensure they align with the 7-day average for the year when taking on mid-term rental clients.

I’m working on a project to help short-term rental investors like you analyze property deals more effectively.

So as an alternative, I'm considering pivoting to a short-term rental, but I'm also realistic that I don't have the time to manage an STR, nor do I know enough to determine if net of management fees and other fees and utilities, whether it's actually a viable strategy, even if I wanted to hire it out. 

Short-term rentals can be a great strategy for building wealth through real estate investing.