I prefer markets that experience mild winters to eliminate the added costs brutal winters can bring. 

Also, the turnover will be much lower, but maintenance costs might shift too, so it's good to plan for that.Happy to connect if you need more tips!

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

$10K savings to you or higher cost to you? 

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

Extra 4 months of carrying costs are up most of the margin.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

Evicting them, even after purchase, could be a lengthy and costly legal process.

For these, costs tend to double across the board, especially for older buildings.