It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

If you and another person own a piece of real estate as tenants in common then you both own real estate. 

Response for Abigail Katherine Grier: Hey Abigail, Congrats on your first property—that’s such an exciting step!

Tenants should certainly take responsibility for maintaining the property and promptly informing the landlord of any maintenance concerns.

Apparently I quoted your response but my intentions was to reply.

I do get nervous with finances and want to be financially responsible.

I imagine, the response rate will go down a ton if we have the opt-out msg. 

I will have another post about it and what's going on but I have reached out to the current owners and awaiting a response they are currently wanting to sell.

Patricia,Thank you for a detailed and a very helpful response. 

Keep in mind that many responsible agents tend to be conservative with their valuations, especially in today’s market, where properties aren’t moving as quickly as they once did.If we’re in a conservative market, pricing on the lower end may make sense, but it’s always good to weigh your options carefully.