It's a great asset class but you also have to ensure you buy in a way that doesn't hurt you.

Still expensive though.And why would you want to invest in a city with rent control?

It sounds like you're in a great position with your investment property.

But only you know the amount of effort you're putting in. As

@Brady PretzlaffI think you should focus on properties close to campus with multiple bedrooms, adequate bathrooms, and parking for renting a room in a college town like near MSU.

Because interest rates are high right now it probably doesn’t make sense to pull extra cash just to stick it in a bank account.

Hey Janet, it's good to hear that you are not in a rush to get this one moved.

Be in a location that allows short-term residential rentalsIf the residence does not meet the standards for a conditional use, they cannot be waived.Any STR must be owner occupied would be a game stopper for out of state investors.

Which just means that rather than the new loan maturing in a nice round 5 or 7 years, it will mature in 2 years and 10 months, if that's how long your lease with the current tenant is.

Quote from @Andrea Ward: I recently purchased a small tract of undeveloped, heavily wooded land in North Mississippi in a neighborhood.