If it's close to Morton Plant Hospital your target audience would probably be traveling nurses.

@Forrest BrownWeight in the factors of investing out of state with travel, time, and energy to invest. 

Maybe this state lawsuit will actually get something done (although I kind of doubt it given how previous lawsuits have gone).Also, interesting how while everyone else was getting gouged, County Executive Frank White and County Tax Assessor Gail McCann Beatty saw very modest increases.

Buy and Hold: Norfolk (Best Cashflow Potential), VB (Townhomes tend to work well, Green Run is a great area for cashflow), Chesapeake, Newport News, Suffolk (Less Military presence which is why i would put last.)STR: VB (in the proper zones if you have the money $850K+), Norfolk(Ocean View area specifically but have to watch out for the AICUZ restrictions), Leave the restPart of that decision process is distance to that I would need to travel to deal with rehabs, I hate dealing with the tunnels so I would almost always pick places on the peninsula last since I am based in Chesapeake.

Yes, I know to subtract the expenses from the gross rent, as my calculators have me do so, but my original question still remains - do reno/upgrade costs count against cash flow when calculated at the time of purchase but executed during the first 6 months of ownership?

These places will be more expensive, for a reason.Now I do think that there is some opportunity in certain areas of upstate NY for short term rentals, however upstate NY is not a well established travel destination so your occupancy will probably be low and highly seasonal but this method is viable.

Kept in its antique 1960s interior and displayed classic Disney designs for travelers looking to stay for Disneyland

Even if my place would get known some way, I still face the problem that Montrealers will rather rent a place in the Laurentides, which is an established market, where there is more stuff to do and, most importantly is much closer to town, as people don't want to waste part of their weekend traveling long distance.

Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. 

Would all travelers be OK seeing this setup or could you get dinged on a review?