Compare this with an investor who owns $5.5 million of real estate free and clear.The one advantage the former has over the latter is IF values rise he’s in a position to reap substantially more capital gain than the latter.  

Advantages/disadvantages about a longer-term lease in this situation?

Additionally, it enables you to capitalize on opportunities quickly without waiting to accumulate sufficient personal funds, thus maximizing your growth potential and taking advantage of favorable market conditions.

Like everyone has said, do your research and take advantage of the real estate agent tool here on BP.

Hi everyone,I am a small STR investor and in the past few years I have been investing in both stocks and real estatewith COC returns of about 20% for the past 3 years.I am considering diversifying my portfolio with LTR and I know that returns there are going to be a lot smaller.So I was curious to know if there was a rough formula that could include mortgage paydown, tax advantages, and estimated appreciationto be able to compare apples with apples.I am only familiar with Cashflow, CoC, Cap Ex, and IRR.

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed.

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed. 

So opening a company now could have some advantages later.

Good news, you may be able to take accelerated bonus depreciation / expenses repairs immediately and get a tax advantage from thisBad news, you still need to deal with this issue from tenant/PM.I found this thread from @Bob Beach helpful where he shares some read flags on property managers. 

This environment could allow you to leverage your cash position to negotiate better deals and acquire properties at a discount, positioning yourself advantageously for future appreciation when the market balances out.