Quote from @Tyler Johnson: Quote from @James Hamling: Quote from @Tyler Johnson: Quote from @James Hamling: @Daniel Godbout Sorry i couldn't chime in earlier to lend some insight but this is first time this came across my awareness. 

I would suggest starting with reading the IRC book all the way through multiple times.

Quote from @Jackson Harris: Hey Kai'ler for our STR portfolio and what our investors do is start getting it listed on Facebook/Zillow rental/Furnish Finder/etc now as a LTR for that time period you're talking about.

Most lenders will also look at debt coverage ratio which limits leverage at this time due to higher interest rates.

I worked at hospital diagonally across street so very convenient and at the time this 2bed 1bath was all I needed.

Then more issues started to pop up over time. 

According to several websites, and an AI summary, $100 per month is average for a 900ft apartment this time of year.Switching to electric would make the tenants responsible for the bill, but you would eat the cost of installation and it may drive your rents down because electricity costs are probably much higher than the gas you currently pay.I recommend you do more research before switching anything up.

Ensure they’ve successfully completed similar projects on time and within budget.

Once you have the place under contract you are time limited.

I’ve been in this business a long time, and I know firsthand how overwhelming that first deal can feel—especially when it comes to financing.