Despite the previous owner raising rents last month, she is still falling short by $5,000 each month.

Your situation presents a classic trade-off between long-term appreciation potential and short-term debt reduction.

Whether it’s buy-and-hold, fix-and-flip, or short-term rentals, there seems to be a lot of potential here.For those already investing in the area, what have you seen?

Shouldn't be anything else that would trigger that, short of another purchase.

Are there any markets you would recommend for long distance investing?

As an owner of several short-term rental properties, when my guests have an issue at one of my properties, I do everything I can to make it right.

At the time we received an offer from a reputable short term drug and alcohol rehab facility who operates out of SFHs in LA to rent the entire property at above market rates.

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

I have my own lease and handle it with a paper document, that way I can walk the tenants through the property on move-in day with a move-in checklist and a short tone-setting discussion of what I expect from anyone who rents one of my properties.

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?