I'd like to know your thoughts/advice on how to compare long-term and mid-term rentals.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The type of home you can get in White House is a different universe compared to what you'll get in Nashville if you're trying to be 5 mins from the urban core.Make a list of what is MOST important to you and that will guide your decision making.

While technically business purpose loans, these will still basically be 30yr (or whatever tenor) fixed rate mortgages.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

A tidy, well-organized space can help the appraiser focus on the home's features rather than distractions.Research Comparable Properties: Have a list of comparable properties (comps) that have sold recently in your area.

If it's a long-term play, the potential savings on PMI with a conventional loan could be significant.Have you compared rates for both options?

Appreciation kind of lags compared to other places further east in northern Alabama.

You can choose to report your income and expenses on Schedule C by electing to file as a Qualified Joint Venture instead of filing a partnership return.If you have created an LLC that is not in a community property state, and as husband-wife you are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a corporation for tax purposes.If you have created an LLC in a community property state, and husband-wife are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a disregarded entity or corporation for tax purposes.

You can leverage the first deal you bought and your experience so far, which is a lot compared to someone starting.