Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.

House Hacking, STRs, Mid-Terms, and BRRRR are all solid strategies to explore.

What should I consider about the purchase price, interest rate, and other terms? 

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

I have a w-2 income and own three properties, all long term rentals, that I've had for a few years.

Some similar phone numbers and such to other short term companies that other people said were scams.

Once you do this conversion you can't change it back to a traditional long-term rental.