Here are a few additional insights that might help as you transition into multifamily:First, when scoping out deals, relationships are key.

We’re based in Indianapolis, and during the winter months, we transition some of our STRs to MTRs to try and keep up occupancy rates.

Be careful on the lender side, insurance should be a smooth transition though.

You have to hold rentals for years to smooth it out.  

Not everyone has the same priorities - some care about interest rates the most, other care about the points the most, getting the most leverage, closing timeline, reputation, smoothness of the transaction, etc. 

This is a little big for him but he’s looking at $12002 bedrooms but could easily transition to Mt Vernon (disabled vet no pets)Curious how you measure cash flow?

That allows the payment to be low, manageable and easy to cash flow when you transition it into a rental.When you move out you will have more money in the bank, stronger assets, and be cash fluid in case you need to make an offer on more investment properties.

If I wanted to transition it to an LTR in the future, my best guess is that I could probably find a tenant for around $1,700-1,800/month without too much issue. 

The goal is never just to buy cheap and hope.. it’s to buy right, position yourself for growth, and do it in a way that you won’t be kicking yourself over a couple years down the line.I’m not saying it’s all going to be smooth sailing; real estate rarely is.

The good thing about your property and area is that it seems that you could potentially transition between the two if you had to.