(as long as you're in a market that doesn't require you to be licensed to act in that capacity).When it comes to profit margins, they can vary widely - which is why it's important to run your numbers before you take on a property.

Research areas where there’s demand for these renters—proximity to hospitals, business hubs, or universities are great places to start.Furnishing the Property: Most mid-term renters expect fully furnished places, but not to the same extent as short-term rentals.

In order to get the attention you want through online ads (which last I checked Facebook ads require such a wide range for the demographic that it is almost not worth it), you would likely need to spend literally thousands of dollars. 

Jersey City, Weehawken, Union City, West New York all offer great commutes into Manhattan with a wide variety of properties that are priced below anything you’ll find in Brooklyn.

If it's wide open, that should be a red flag.

I'm just waiting for all of the people who bought Florida land in the past 30 years -- when global warming became widely known in society -- want the federal government to bail them out for declining property values even though they knew they were buying in vulnerable areas.

@Clay Hall, I’ve looked far and wide for a lender that will do HELOCs for properties that belong to an LLC and I have yet to find one.

If it is a term lease, the lease terms will control, to the extent they do not contradict state law.

Smaller renovated Lakewood two families (less than 2000 sq ft) can be bought under $200K (sometimes under $175K) but rents potential much lower (e g $900 vs $1200 a unit)Clifton Edgewater (west of West Blvd, north of Detroit) and Kamms (area just south of Lakewood) along with Lakewood have always been strong areas and are priced at/near Lakewood (and to some extent share the same tenant base).  

The lease agreement may also address it, and to the extent the lease provision complies with and does not contradict state law, you will need to follow the lease provision.