However, right now there is no rush on the short term rental.

Add a "Long Term Stay Policy", so a long-term guest would need to cancel a month ahead.  

.$160,000 purchase price.Rehab around $80,000 (More than I budgeted).Optimized rents between $4,000 - $4,500.ARV is $350,000+The deals are out there and don't rush in.All good things take time.Much success

How much further ahead will you be financially with this approach vs a 1-unit property?

This is a head game like non-other, depending on your level of experience.

Go ahead and be willing to put in the money toward a good contractor if you're not doing the work yourself.

Go ahead and send me a message so I can get your email in order to send you the meeting invite link. 

I want tenants that pay on time and take good care of the property...... other than that I could not care less what their political views areUnless those displays are damaging your property in some way/shape/form, leave them aloneGo ahead and put it in your lease...... tell your tenants what the can/cant believe politically.... see how that goes.... hope you have a good attorneyWow... have we really come to this??

This is one of the better new investor posts I have read in a while because you know to stay in your day job and earn money to invest and you are also way ahead of the curve thinking about syndication (as close to passive as you can get) over flipping (don't do that with friends).Your job for the next months would be to go to every meetup locally that you can and read books focused on what you are thinking about first.

And we know there is NOT rampant "bloat" in rent prices because if there were, it's also simple math that landlords would be rushing to create additional units to capitalize in that "pay day" right, because it's "bloated" rents, meaning over sized profit margins, which to be true would mean it's "cheap" to create new units vs the over sized profits it's producing.......