However, in the case of a short term rental, it would depreciate over 39 years depending on if 20% or more of the units in the entire building are considered transient (rented for 30 days or less).

My unit cost 3k/month to rent but you can get cheaper units for much less.

Interesting in hearing feedback and pricing comparables to an off market potential deal where I have met the owner who is willing to sell his 3 units building (SFH with 2/2 and behind it an ADU with 2 other 1bed units and 2 car garage).

We just needed pictures of the 3rd Apt Unit, which he said was not possible at the last moment. 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Peterborough.

We invest in Lexington and Louisville (100+ unit multifamily buildings).

Ask how many units they manage and how much experience they have.

Please keep us posted on how it works out when all is wrapped up with the tenant.We recently were looking at a duplex that we wanted to buy, but the current tenants (in both units) had pit bulls.

My rents are high at $6300 per 3BR unit so I guess the risk is if economy goes south and no one can afford the high rents.     

Our HOA/complex manager has saved my butt more than once when a guest has locked themselves out of the unit and I'm across town or whatever.