Educate yourself on how to handle marketing, screening, late rent, lease violations, etc.

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.  

The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.  

You may qualify based on Market Rents or Lease Agreement.

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.

You post makes me want to remind everyone that florida isn't an easy market to enter short term rentals.

Is Phoenix a good market?

Plus how did he go there he must live there or close so your only working one market.