Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income.

One theory is that the investors see population increasing in these areas and are willing to deal with the ridiculous local laws

This deal is a year one, cash on cash return of 23.71% Let's now factor in 5% rental increases, guaranteed by section 8 as well as 3% appreciation year over year.

Detroit is coming up big time, but it's still flying relatively under the radar.Suburbs are getting increasingly expensive while the city is getting stronger and more attractive to move into.

Have bought, renovated, refinanced and sold rentals in my portfolio.Besides monthly cashflow, you can cashout refi every 5-10 years or when increasing rents support the ability to do so. 

As obvious it may seem, this can be a dramatic inclusion that increases relevant click-through-rates.4 - There is No phone number extension.Google allows you to add a phone call extension to your ads, which can convert those who have a greater sense of urgency.

Your budget will need to increase about $100K to get into anything other than a condo, and I do not recommend that.

Focus on properties that will have a strong rental market and a clear path to increase in value.Overleveraging:Some investors refinance and pull out too much equity, leaving them with little to no cash flow.

As a newbie, it is easy, and common, to head down multiple paths chasing shiny bright objects, with many of those paths just leading to time wasting and increased experience in learning what you don't want to do.

Expanding your rental townhouse portfolio can diversify your investments and increase cash flow.