What's great abut this is MTR is very tough to get shut down by local municipalities and believe it or not North Jersey attracts a huge verity of people looking for mid term whether its through work, moving or extended traveling.

We finance Short Term Rentals, Mid Term Rentals and Long Term Rentals, for short term rentals we don't require any seasoning, and can use AIR DNA for estimating the Rental income.

Great way to meet folks from mid peninsula-south bay.

WE did about 30 new builds downtown charleston but last 2 years we simply could not find anything that worked.. finally found  a lot and we close on it mid month.will build the same floor plan on the same street we did 5 years ago and sold for 450k  this time its going to sell for 850k..

Most people tend to go for mid or higher level service when given that choice.

@Lucas Gomez Have you considered running it as a Mid Term Rental? 

We have a ton of new grads come here and relocate to the Mid-town/Uptown/Arcadia areas which are all super close to Downtown Phoenix & Scottsdale.

Paying cash the location tends to not be as strong say if 3 million cash small to mid suburban spot versus 6 million leveraging strong suburban to fringes of urban core.4.

I dont have regrets just did not care for STR  business personally. so we sold.But we have Mid term fully furnished rentals and I really like that one.. start off as a few months and end up staying a year or more and at close to double the rate and A class tennants..

Purchase price: $112,000 Cash invested: $25,000 Mid Term rental How did you find this deal and how did you negotiate it?