All a mid-term rental is someone staying not permanently but longer than on vacation.

If you stay in Northern Minnesota you could look to locate closer to Duluth which has a large supply of duplexes at prices much below $500K.

Stay consistent, set clear goals, and remember real estate is a long-term game that rewards patience and persistence!

Hey Matt, As a solo-shop, I use the following to stay on top of my client's minds and files: 1.

Right now, we only have a couple of rental properties; they were turnkey investments that my business partner had before I joined him.A bit of advice that might seem obvious but often gets overlooked: stay very organized.

Of course they complained, and I said that I would replace with a gas hot water boiler and a seperate gas hot water heat, so they would stay. 

You will never pay more tax in recapture than what you originally deferred, assuming your personal tax rate stays the same.

Palm Coast might not have the flashy reputation of Miami, but there’s a lot to love in that area’s growth potential.I’ve been around the real estate block for a few decades, and one thing I’ve seen is that luxury rentals can thrive when they’re more than just “pretty”.. they need staying power.

Staying with that example, I understand the operational costs and all that fun stuff.

I stayed in touch with all of my investors who bought off of me to see how well they did and my biggest joy was when they returned to buy more or told their friends about me and what I do!