Do you have a good investor friendly real estate agent in your area you can ask if they have a referral for a good insurance broker?

Once we got the home reclassified at the 4% rate, the taxes dropped to under $600 with the same assessed value of the home.In my experience, rental property tends to be taxed at an actual rate of 6% while owner-occupied property has an actual rate between 0.5 and 0.7%.  

Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.

You can even offer them referral fees or partial ownership, if feasible.I also emphasize the importance of effective communication and weekly meetings with the power team.

Because of that reason, they tend to be the most competitive with the rates as nothing undisclosed to the borrower will ever go to their compensation.

But it also comes with more risk in terms of evictions and damages - which you can never collect for.But STRs don't have any issues with evictions and damages are typically covered by the STR insurance or sometimes the Property Management company has its own insurance too.The other thing is that, on average, STRs tend to generate more income than LTRs. 

They tend to be lower maintenance, and the steady cash flow can be a great way to start building your portfolio.That said, vacation properties can be lucrative too, especially in high-demand beach areas.

I love the federal hill area in Providence, though it tends to be on the expensive side, but also reflects in the quality of tenant and rent that you can get.

I tend to go for stable income, so I suppose a single family LTR?

Long term fixed debt generally the net worth and liquid of the investor who owns the property and the property itself tends to outlast economic cycle shifts.