We have a home that we are almost done remodeling that we would like to try the mid term strategy to increase our cash flow vs long term.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

My ultimate goal would be to buy fixer-uppers to turn into long-term rentals.

Supply and Demand: When buyers outnumber sellers, prices and rents rise.Population Growth: Cities with significant and sustained population increases are more likely to see long-term rent growth.Job Stability and GrowthA property’s value is tied to the jobs in the area.

Bonus - the interest on the loan is tax deductible!

The high end rental properties can be a different animal than your run of the mill $2,500 month rental both in terms of upkeep and demand.

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

I’d offer to sign the form if I was allowed to cross out everything between brokerage firm and during the terms.