Also Mid-Term Rentals to traveling professionals, people displaced for insurance reasons, or doing a renovation to their home and needing a place to live for  3 months or more are also possibilities.

Readers should seek professional advice.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

But I would be sure to look into that & speak to a tax professional up there before dumping too much time into research.

Absolutely - East Hill is a really popular area for traveling heath care professionals, as well as military on short term TDY orders who are looking for furnished stays.Keys to success for my condo have been keeping the furniture fresh, and not looking like every other listing out there.

Plus, professional management companies often have tools and strategies to maximize occupancy and revenue, which can offset their fees.

If you’re serious about bidding, investing in a professional title search is worth it to minimize risk.

I'll be sure to put in a disclaimer next time indicating that I'm not a CPA and they have to reach out to a tax professional to consult on the matter. 

Readers should seek professional advice.Thank you, Ashish.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?