I'm starting to look closer in Portland and Eugene and think Eugene might be particularly attractive because of the large university.

There are less renters now so OP might need to compromise on the lease cost, so imo I would rent it at an attractive price now, and in 6 months raise the rent to market.

I just purchased a short term rental property near the dells myself!

Hey Celine, from my understanding its very difficult to grow a portfolio of short term rentals using the BRRRR method as an out of state investor.

The price point here is attractive, especially when you’re buying all cash, which will help you maximize your cash flow potential.One of the best things about Memphis is the strong rental demand.

But I am now.In the past few years, my wife and I have done a couple of house hacks and two short-term rentals.

They will probably stick to that for a short period and then go delinquent again, but it's much easier to deal with if they violate a payment plan in most cases and at least you get some of your money back.They might be a professional tenant.

@Jay Hinrichs      But I do understand the OP points and I think that folks just really dont understand the work and risk involved in ANY rental property short of NNN leases with super strong companies Exactly. 

Or they can be sold to investors.I think they are particularly attractive for new investors to buy as a house hack - you live in one and rent out 3, most, if not all, your expenses will be covered.Look at what it last sold for, has it appreciated?

Rarely do you see someone with perfect credit all of a sudden have a short-term hiccup (usually due to illness or something like that).