I am very committed to investing in a multi family building this coming year.I also feel the need for a mastermind group and will be doing a google search for one around me for multi long/ mid and short term investing.Cheers, just wanted to put an update on here!

This is for my 1 bed 1 bath unit and for the past 6-7 months, I had it blocked off on Airbnb because I had a mid term tenant in there.

Some strategies to lessen the negative cash flow are: house hack and rent out the other unit as a mid-term rental (to traveling professionals or for people temporarily displaced because of insurance reasons like fire) or short-term rental (business or vacation).

Many of the short-term rentals in Las Vegas were sold during COVID because they were vacant most of the time.Another option to consider is mid-term rentals (MTRs).

But as some one who was raised in this business has owned 3 brokerages I can tell you that only 10 to 20% of agents make 80% of the revenue wash out rate is high.. with Wholesaling I suggest that only 5 % who try it are still doing it in a year and in any given market there will be a handful of wholesalers that do pretty good to very good the rest just trundle along now granted if they make 50 to 100k a year in the mid west and were used to making 20 to 30k in their JOB this is a big improvement over where they were at..

I tagged 4 other BP members I knew and layed out the mission and that was to buy renovate to retail standards a home in the mid west ..

Mid term rentals however are another viable strategy for the area should further restrictions come into play.

There is no way to know if the interested people would have applied, been accepted, or decided to move in mid-month.

Where do I start;  how do I find the right properties; what to look out for; what outlets do you use to ensure you don't pay too much for a property; what strategies should people in their mid-40's use to maximize the probability of success and profitability; etc., etc., etc...

I am looking at short to mid term rentals