If there's local boom in industry we should see the effect in immediateterm not in short tem, so what really happened in 2020-2022 is really big mistake by Fed.Also it seems very natural that in the next ten years we see lot of consolidation in the big business, much less small biz owner, and everything is owned by the conglomeration of some very powerful big names that generates cash from their operation.America is going to be more controlled by big company regardless who is in power in the goverment.So some folks are selling SFHs now in large masses to transfer into t-bills in the short period(4-8 week duration) then enter 2024 with funds to come into CRE to convert into storage, MFH(with better terms), and I think some other plays.

If it's working as an LTR and you are cash flowing, I'd be willing to bet that the juice won't be worth the squeeze in converting them to STRs. 

Before I bought the house, I found a 3 inch pipe with a spicket and electrical wiring going to it.

I would have had to sign a contract to convert furnace, hot water heater, stove, and clothes dryer to gas.

Higher maintenance and repair costs (even low to no skill workers demand 35-40% higher labor)This has led us to diversify our strategy and convert some of our units into MTR's instead of LTRs to increase margin.

Hi, I want to rent my house 6 brs, 2.5 bas as two rental units without converting into a duplex.

Considering you are young, perhaps consider house-hacking a property in a good location, then converting that property to a rental and doing it again every year or two until you're too old to want to live with housemates or in a multifamily building anymore.

However, this needs to be converted to rental property before you can do the 1031 exchange.You might not even need a 1031 Exchange as you can avoid most of the appreciation on this property under section 121 even if you rent it out for the next three years before selling.

I' 'd be curious to see how much money down would convert a deal from unacceptable into acceptable in this environment.

I’m currently observing an interesting trend in the Central Florida market where a noticeable number of short-term rentals are being converted into long-term rentals.