You need your project to be ready to rent by mid to late Summer; otherwise, you can cost yourself by either a bad renter pool or several months of vacancy.The Twin Cities are too big to properly answer your question.

If you want to rent to college students, you could rent by the room for 10 month leases and if the location is right, Airbnb the property during the summer months.

Hi @Pat Lulewicz - I’m looking to purchase my first investment property in early 2025, with the goal of closing, rehabbing, and renting it out by summer 2025.

This is a very nice place that brings 15K-20K a month in the summer.  

I am 23 and married and just about to finish my bachelors degree this Summer.

The home was my primary residence prior, and if I sell the home next summer, I wouldn't have to pay capital gains taxes on the $200K appreciation (lived in home 2 out of last 5 years). 

My problem is that every six months I have to move (summer season North Carolina, winter season Florida) so I can't use first home trick.

Here are the details:- Property value: $70K- Square footage: 943 sq ft- Summer tax bill: Nearly $3,000- Comparable properties: Similar homes (1,300 sq ft) are only paying $940-$1,100This seems significantly out of line with neighboring properties.

We purchased our first LTR property this summer and have a renter since September.

.- By summer 2025, I plan to sell it.