Plus, there are upfront costs to consider, like furnishing your condo and any expenses tied to managing it as a rental.As for refinancing, it might not be the right time with interest rates where they are.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

so would like to start building our portfolio in a State that has consistent appreciation with room for rents to increase going forward."

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

I'm also having issue with no onsite manager, but in regards to insurance. 

Quote from @Jason Hathaway: I'm in the process of purchasing another home adding to my portfolio.

The next thing you'd really want to do is see how you should allocate that $8mil so the amount of disruptions is minimal, some portfolio management basically.   

As the economy shifts, there will be new ways to grow your portfolio, but success will require staying nimble and informed.Bessent’s commitment to cutting the federal deficit involves a mix of spending cuts and revenue adjustments, which could directly affect government-funded housing programs and infrastructure investments.

Quote from @Jeff Roth: 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! 

I was wondering if there are any investors here that already have a portfolio in Memphis that might be looking to add a property.I'm working with Crestcore and I like them but I've realized I prefer local investing.