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Updated almost 2 years ago on . Most recent reply
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Property Size for Mid-Term in Tucson
I am looking at purchasing several properties to set up as Mid-term rentals in Tucson, ideally around the Hospitals in town to focus on traveling healthcare professionals. I have received conflicting advice on property size, with the options being
1: finding apartments / sub 1000 sq ft 1/2 BR homes
2: "Traditional" 3/2 or 3/3 size homes
3: Most Bedrooms / Bathrooms possible
My goal is to focus on renting these out via Furnished Finder and Air BnB
For those of you who have experience in this area, or for those of you who have worked in a field requiring mid term stays, what are your recommendations and thoughts?
Thanks in advance!
Tom
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Quote from @Thomas Nordberg:
I have received conflicting advice on property size
Has this conflicting advice come from fellow local investors? If not, I highly suggest attending some REI meetups/REIA meetings so you're getting feedback specifically from folks in your own market.
That being said, if you're planning on purchasing several, why not go for a variety? Get a MF with small apartment units, get a traditional, and get something larger with multiple bedrooms. You'll figure out what works and what doesn't, and more importantly, you'll figure out what you like and what you don't.