So what you'll want to pay attention to is the total upfront costs and how that impacts your interest rate - I'd encourage you if your lender hasn't already to do a break-even calculation to determine based on your hold and strategy how much costs yield you a positive ROI. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

It's great to have you with us.. do you think you'll focus more on fix-and-flips or buy-and-holds?

Sorry for the confusion, I am buying and holding SFH homes and putting a section 8 tenant in there.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Columbus.

This change emphasizes that under specific circumstances, courts may "pierce the corporate veil," holding individuals personally accountable for the company's debts and obligations. ilga.gov2.

I live here and househack as well - can provide a first hand perspective.

Investment Info:Single-family residence buy & hold investment.