I like the idea of STR as it seems like it can generate significantly more income than LTR and would allow me to block out dates if I have friends or family come visit.

Investment Info:Single-family residence buy & hold investment in New Milford.

I'm willing to take any advice to get better deals and make a better future for my portfolio and my family.

@Jonathan Small government actions have led to an unprecedented 40% increase in the money supply, 50-year record inflation, record increase in interest rates, bank failures, credit tightening, CRE recession, housing affordability issues, mobility issues, inventory issues, and massive impacts to the world economies, every investment class, and our families, kids, and friends like never before. 

Additionally, I mentioned that I had sent them a small holiday gift card as a token of appreciation (which I send to all of my tenants) and wished their family a peaceful and warm holiday season.Your insights helped me craft a response that balanced kindness with maintaining boundaries, and I truly appreciate it.

The 15 year fixed would be about $1,000 out of pocket monthly.We own other single family homes in the area and cash flow on those.

So while I have family nearby I want to minimize excess wear and tear because 1.

One buddy of mine split his time between local flips in Greensboro and buy-and-hold single-families in Memphis.

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player. 

Investment Info:Single-family residence hard money loan investment.