On top of that, we transitioned the loan from a community bank to a Freddie Mac agency, making it non-recourse—a significant upgrade.Exit:Today, on August 15, 2024, I’m proud to share that we sold the property for $3.15M.

You are much better off transitioning into an annual rental in this situation.

Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.

I plan to start out wholesaling learn how to spot good deals and then transition over to flipping.

After 4-6 months transition to annual because Vacationers will be nonexistent and you will be stuck with zero income.

💪👊I'm an active duty AF, about to retire as well in the next few months, any advice on transitioning?

And when we do take over the listing, is there anything we can do at that point to make the transition smoother?

I think that down here, you will find more neighborhoods that are transitioning for the better that you can add value to and get cash flow as well as appreciation. 

I will say, with furnished rentals, it takes time and money to fully furnish them with all the bells and whistles but it did allow me to get higher rents... only downside is, if you are out of state, it is not easy to manage remote unless you have a good property manager/company.I have personally started to transition out of STRs due to zoning/town regulations and have already unfurnished one of the apartments to turn it into a long rental for more stable residual income.

Im looking to transition from agent to acquisition manager, who/ how would I go about it?