Investing in Washington D.C./Petworth

[Temi Olufotebi]

Hello All,

I am getting ready to close on a property in the Washington DC area specifically the Petworth. The goal is to use this as a short term rental for the first year and then afterwards do longterm rental. I wanted to know if anyone has had experience working in this area. I've been doing research on rents in the DC area and it's pretty pricy so I was hoping to set my rent slightly below this to draw renters. Would love to hear what others thoughts/experiences are?