I initially resided on the property as a tenant myself.Prior to the current tenant moving in, all tenants were aware that I was getting married and would eventually move out of the property on Nov 18th, 2024, with the expectation of moving out of state by the end of December.It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state.All tenants were also aware that I would continue to access the property during this transition period.The tenant in question moved in Nov 1st, 2024.

Strong rental performance & return Lessons learned?

From experience, proper planning, strong insurance coverage, and networking with experienced investors are key to making the most of an LLC for your investments.Good luck!

So it serves multiple purposes and I would strongly encourage it

I strongly agree with Nathan but wanted to add that residential RE, even with the use of a PM, is not passive.  

For your midterm lease, I strongly recommend you use a state-specific lease to make sure all of the landlord requirements are covered as well as any state-specific disclosures.

The longer the time between their initial request and your response, the less likely you are to get a booking.People do not tend to really start looking for a place two weeks before their assignment begins.  

Great area with strong rent demand How did you find this deal and how did you negotiate it?

I agree, shorter-term plays are tough in the current environment, and patience paired with a strong strategy often leads to success, unfortunately this is a strategy that a lot of real estate investors don’t really have the experience and the patience to follow.

during my initial first purchase at the closing room, I knew I had to get over this nervous feeling if I wanted to do 40 more properties to build my real estate empire so it was really easy for me!