Are you familiar with how MTR works and the upkeep and furnishings needed and who the target renter is?

Hi fellow BP fans,Considering mid-term rentals (MTR) for my single-family home (near two hospitals, targeting traveling nurses/doctors).

You really target that in major metros as saturation has not picked up--Huntsville is not one.  

Im targeting a multifamily purchase but seller must be willing to seller finance at least 20%

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The "high appreciation rates" you mention should be verified with recent data and be specific to the neighborhoods you're targeting.

$120,000/0.06 equals $2,000,000.So in my mind the target should NOT be cash flow but rather building net worth.Despite what the gurus say, sufficient cash flow to be financially free can only come once one has sufficient capital to invest.Let’s be clear I only buy apartment propeties that cash flow but immediate cash flow to put spendable dollars in my pocket is NOT the primary goal.

This is after factoring in all expenses, including taxes, insurance, vacancy, management fees, maintenance, and utilities (gas, electric, water, sewer, and garbage).Regarding cap rates, I typically target between 15-18% as a minimum for a deal to make sense.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)