I'm not saying "wow, what a deal" or to copy this I'm just saying when compared to SFH or continuing to rent, the 2-4 unit househack is very appealing and thus demand is strong.

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

Baselane has been a game-changer for me, saving a significant amount of time compared to manually tracking everything in Google Sheets.

Step 3: Compare build plans / specs to decide what you want to build.

What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

I love talking with investors, sharing values, discussing their wants and needs, helping them fully understand what they’re investing in and helping them achieve their passive income goals is very rewarding.

I'd like to know your thoughts/advice on how to compare long-term and mid-term rentals.

You will quickly see how you compare in all those categories.

Unfortunately due to the business you choose to operate incidents like the one you experienced are more likely to occur compared to a property that's continually occupied by a tenant where the water would more likely be run at a higher frequency which would prevent the pipes from freezing.  

I bought lots of umbrella insurance.I'd recommend you talk to a local attorney and compare services and fees with Anderson.