Maybe it's a personal choice, or it depends on which state you're conducting real estate business.Originally posted by @Anthony Wick:I’d probably shorten the letter a bit.

Are there other strategic locations where we draw some of the Charlotte population for STRs?

This is also why you had strategic foreclosures during the GFC out west.. folks upside down they know they can just walk with only credit dinged.. so they live for free as long as they can then move on ..

Pete are both solid choices with lots of potential.

here are my stats on 6 months being with them (not by choice but they acquired the property manager I had in chicago) I have 22 units in 4 buildings    Rent 22.5% lower rent      Expense 34% increase in expenses Also all expenses are way above market rate with minimum oversight for vendors overcharging or proper negotiation for volume work.

It is the lady's personal choice.

Most importantly, we view this as a strategic move to grow our real estate portfolio.

You are living next door for a year so your choice to rent to someone may have a direct impact on your life (unless you are not home most of the time).Cheers and good luck!

Investors must be strategic, balancing portfolios between rent-controlled and non-rent-controlled properties, focusing on cost efficiency, and staying informed about evolving regulations.

You of course need to strategically purchase the property to where it will meet your investment criteria when you depart, which is where a good agent comes into play.