Depending on where the property is situated and the "local market conditions" I have them rented out as either long term, mid-term or short term.

@Henry Lazerow I'd budget mid to high 7s for 75% cash out on a 4plex for the foreseeable future (remainder of the year)  My answer is in regards to DSCR loans only. 

50 units from 500 sqft to 2000, on a park in a mid size city in norther ca.

Maybe 6 or more months ago David Greene had someone on the BP podcast talking about mid-term rentals for travelling nurses and that's exactly what they did.

I've been interested in New Haven because theres a bit both B and C-D neighborhood. there are some ghetto parts which like I said I'm fine with I grew up in some rough parts of NYC mid 90's I know how to handle my self in these area. and as long as I'm thorough and diligent with my screening/vetting process in tenant selection, I should be able to find decent people to make my tenants. there is huge working class in New Haven and its seeing slow stead growth. 

Yes, as you mentioned, Syracuse won't be the vacation purpose, but mid-term rental for traveling nurses.

Cash flow - like actual cash flow, not excel cash flow - in year 1 is next to impossible in a desirable market unless you are doing short term, mid term, rent by the room, or a similar strategy right now.

We (my wife and I) own and self manage short and mid term rentals.

I'm Amy Mueller and my husband and I recently transitioned our long-term rental to a Mid-term and are looking to do this with a few more of our rentals. 

We got our first mid-term guest booked before our property even was finished.