Since you're already in Tampa, staying local for your first few deals can help you stay hands-on and learn faster.

All a mid-term rental is someone staying not permanently but longer than on vacation.

This setup ensures every project stays on schedule and within budget, which is huge in a market where timing is everything.3.

Understand the multi-family market, scale up portfolio efficiently, focus on value-add opportunities, build a reliable team, stay informed, and engage with the community for support.Good luck!

Nomad sent emails telling the renters to move out (I was fine if the renters stayed).

Others might have different experiences but I'm learning (now) to program a batch of codes at a time so it's not an issue when the temps stay cold (single digits or below) in the winter.

All of your profit stayed inside the SDIRA and remained tax deferred there. 

The tenants wants to stay. 

I stayed in touch with all of my investors who bought off of me to see how well they did and my biggest joy was when they returned to buy more or told their friends about me and what I do! 

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.