You'll want to understand what kind or notices and documents you need to get executed to either up their rent or turn the unit.Solid long term tenants are worth their weight in gold in my book so if theres a way to up the rent and keep them happy I's say thats the best route personally.

I'm an executive creative director in advertising, having done agency life for 25+ years.

We're looking to do that right now, and a big part of the allure is to save money on airbnbs when we travel ourselves, but also break even on our loan.

Her opinion is:"The travel nursing market has taken a steep downturn in demand and rates since the beginning of this year.

I'm hoping the predictions for a decrease in domestic travel are not across the board for every market. 

Fortunately for Hunter lenders will hopefully stop this madness before he has an opportunity to execute on this transaction.

@Gaurav Vedi this is very thorough.Did you also evaluate the increased cost of compliance, admin, and time you will need to invest in executing setting this up and maintaining it? 

Here's my situation:- Experience Level: I’m a new investor with a moderate (Still learning) understanding of the BRRRR strategy but haven’t executed it yet.- Business Setup: I’m setting up a new LLC specifically for this venture, which means the LLC will have no prior credit history or track record.- Investment Location: I plan to invest remotely in Birmingham, AL.

Forget about trying to execute a rehab that will cost over 3 times the purchase price. 

We also love meeting travelers and sharing unique experiences with them.