If you're in one of the Primo in-town neighborhoods your rent floor should be higher.Compared to short term rental - your gross rents will be lower, but that comes with lower headache. 

I’m especially interested in spots with strong short-term rental (STR) demand, where the laws are favorable to investors.I have around $250,000 USD to put down as a deposit, and I plan to finance the rest through a mortgage.

So, the short answer is yes, but here is more:1.

Long story short - quitting your W2 does not make sense for 99.99% of people and likely never will  Keep in mind 10 to 12 years ago when I first got on BP.. the big question was what was your number ? 

But once you see that $16,000 of the $20,000 are prepaid homeowners’ insurance and property taxes (that you'll be writing a check for shortly anyway), you determine that the actual one-time closing cost is only $4000.

Short term gains using it equals long term cost.

I have several single-family homes here locally, operating as short-term rentals and long-term rentals.

@Fiona Layne-GerminBeginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors.

Quote from @Reid Chauvin: @Manuel Reza - if the rooms are furnished, furnished finder is a great option for both short and mid-term stays thanks Reid, is $99 per year, I guess is well worth it, meaning is effective, do you think so?

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.