MTRs are like LTRs in some ways and like STRs in other ways, so you have to approach it from both perspectives.Happy to share more!

However, with any course or program, it’s essential to approach with a bit of caution. 

The Austin metro market is approaching that territory.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin this year through October:The median sales price for a single-family home in October 2024 was up roughly 5.5% from the beginning of the year.

I envision a clumsy turnover approaching summer where we have MTR vacancies because our calendar would not be open to book 3 month MTRs starting in April.

Planning ahead for your move to Rapid City and setting up a network is a smart approach, especially since you’re already experienced with properties in NC and Las Vegas.

Shifting to Northwest Indiana sounds like a great move, and your BRRRR strategy is a solid approach for scaling.

What matters is their competence in real estate taxation and their approach to business.  

I agree with the "it depends" approach when it comes to determining reserves, but generally, it should align with the age and anticipated maintenance needs of the property.For example, we have a duplex built in 2003 with the original AC units and roof.

Remember, not all off-plan deals are created equal, and the right approach takes experience, research, and the ability to think long-term.

HOWEVER I just met someone from PadSplit, and partnering with a company that specializes in that could be a really great approach.