In this guide, we’ll explore high-yield property types and help you decide between long-term and short-term rental strategies to maximize returns.1.

Long term/ short term rentals would work, ideally in the $400k range or lower. 

I saw that description listed on a few units and assumed it was hyperbole. 

These are 668 square feet and will rent $1600-$1800 depending on the urban adjacent neighborhood. that's rental prices of $2.39 to $2.69 per square foot. that's on a long term rental. on a short term rental the prices would be higher but we haven't had any clients do that yet.

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

I'm currently listed for short term rentals and am starting to get a few bookings into April and May...would hate to cancel BUT would take MTR as preference.

You should look at AirDNA for information about short term rental in the area.

Got a question for the Jersey City hosts - I bought a single-family home recently and plan to rent out some rooms. The rooms to rent are ready and overall the house is in good condition.
However, due to a leak that...