To have a chance at success it is critical to have a team that knows the city very well and that includes both your realtor and your property manager.The areas that look like you're getting good cash flow for an inexpensive property are often D-class neighborhoods where you'll have to deal with frequent turnover and difficult tenants.I'm not saying you cannot be successful owning rentals in Baltimore City.

You will probably want to engage an engineer to provide an engineered plan for the lots and attorney who frequently presents variance cases.

Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!

It'll be easier to manage and you could have less frequent turnover. 

An article from The Mortgage Reports explains:“The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.

The majority of our expertise comes from experience and having a specific book of real-estate clients who are involved in a wide variety of activities.

See who represents owners frequently in your jurisdiction and get set up with them.

Typically a broker will work with at least 10 DSCR lenders so they should have a variety to reach out for quotes to. 

I am trying to tabulate Business that may have higher depreciation but yet help me build wealth in form of real estate or potential customers for variety of services.