Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

Currently have two rentals and looking to grow the portfolio.

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

A 3% appreciation on a $3K/month rental will do better in cash flow in the long run than a $700/month rental.

Happy to let this property do what rental property does best- pay for itself.

We fully renovated both units, improving the property’s value and rental potential.

Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.

I’m currently diving into the world of rental property investing and exploring opportunities in my local market.