By effectively utilizing space, we can often increase the number of units or functional areas within a property without expanding its footprint.

It's an acreage property near the lake that has a main house (2/1), guest house (3/2), and small studio-layout unit (3 units on same property).

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

A few days ago, one of the units experienced a toilet backup.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

I manage my parents rental portfolio which consists of 1 mobile home park (20 units), and about 15 other houses.

If you offer incentives to fill units will they fill the units with subpar tenants?

I'm still focusing on small multi-families mainly 3-4 units.

The owner of the unit is getting more revenue and has less risk (less risk of eviction, damages, collections, etc). 

Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success!