Best strategy for a hot market for long term rentals?

[Bryce Kennebeck]

I'm currently making around 100k annually at my W2 job after tax. I can't currently do short or midterm rentals with my current job but I would be open to it in the future when I have more properties. I have been leaning towards section 8 and adding bedrooms/bathrooms to force appreciation and higher cashflow. I'm wondering if this is a feasible strategy in a hot market like tampa or if anyone has any other suggestions or strategies to better deploy my 100k. Thanks in Advance!

[Bryce Kennebeck]

Quote from @Joseph Stern:

@Bryce Kennebeck hey Bryce, adding bedrooms is always an easy way to force appreciation and cash flow especially if you’re going to rent by the room. With 100k you could buy a couple properties and still have reserves for large capital expenditures. Do you particularly want to do section 8? In tampa there are many layouts that offer the ability to add bedrooms.

 I'm not set on section 8 but it seems if you can do a quality remodel and screen your Tennants thourly you can get a long term Tennant with less turnover than a traditional LTR. And if I can remodel it to a 4 or 5 bedroom it will make the house much more desirable due to low supply of 5 bed houses(let alone section 8)and like I said spend a little extra on the bathroom and kitchen and get stainless appliances and you should be able to attract a good LTR tenant. That's my thoughts but I also have yet to purchase any properties in the TB area so I'm still open to whatever will make the numbers work.