:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

The City of South Lake Tahoe does not allow short term rentals.

@Kavya VeerapaneniThere is a market for short term rentals in Danbury.

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

Quote from @LaShon Evans: I manage 400 rentals and own 33.

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

Long-term, medium-term, or short-term rentals? 

Run the numbers on your first home’s rental potentialGood luck!

Sad reality is I'll probably own a few rentals before ever moving out.

There is nothing that could happen at your rental that wouldn’t be your fault for not preventing, curing, fixing.