Have you considered other strategies?

I'm writing this in December 2024, when every other question asked on the Bigger Pockets tax forum is about STRs. If you're not sure what the fuss is all about, read this older post first:https://www.biggerpockets.com...

As a rental, tenants will likely prioritize the location over minor inconveniences.Your strategy of betting on appreciation and eventually pulling equity makes a lot of sense in this market.

OR it may be the spark needed to build out your next RE revenue strategy.  

What are ways you have seen landlords calculate rent raises?
I plan to raise rent by 2% yearly, and round to the nearest $25. After that, I will re-evaluate every 5 years based on local rent. I've asked for others op...

One STR can make much more than many LTR style investment strategies. 

What creative strategies have you found successful?

Since your post is a bit older, I stumbled upon it while researching strategies for navigating 1031 exchanges in this tricky high-interest-rate market.

Additionally, are there any other methods, approaches or strategies you’d suggest for someone just starting out in this space?

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.