Here’s a good starting point:Identify Your Target Market: Mid-term rentals typically cater to groups like traveling professionals, digital nomads, or people relocating for work.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

For transactions like this, the Real Estate Excise Tax (REET) in Washington typically depends on the property’s value and may be progressive.

Typically flooring guys charge a flat install per square foot and then more for stairs.

People will tell you the selling price is set but it’s negotiable just like a standard listing. 2% is the max they will typically do on concessions.   

Each strategy offers unique benefits, and it's essential to plan for seasonal fluctuations and consider cash flow vs. appreciation.Good luck!

(The exception to this is loans based off prime which would typically be home equity lines of credit as the Fed funds rate does affect prime) The Federal Reserve meets 8 times a year, while the bond market which actually dictates mortgage interest rates is traded every second of every day of the year.

For example, tenant selection is crucial to minimize issues down the line, and it's essential to know fair housing and landlord-tenant laws, especially if you’re considering investing in a state like California with stringent regulations.You may want to consider starting with one property and exploring property management services if things get busy.

Typically issues repeat themselves

Expenses that exclusively relate to the rental unit are 100% deductible, shared property expenses (like mortgage interest, insurance, and common area repairs) are typically 50% deductible, and personal residence expenses aren’t deductible.