There are pros and cons to long term and short term from a rental management side, and purchase/acquisition.Long term = lower vacancy, lower expenses, potentially lower revenueShort Term = higher vacancy, higher expenses, potential for higher revenue, financing is more expensive than long term rentalsWatch out for local STR regulations, they vary from city to city.

I used this calculator to verify the amounts : https://lex-co.sc.gov/services...information below if from : https://realestatescorecard.co...Real Estate TaxesSouth Carolina taxes on residential real estate can vary quite a bit depending on where you live and if your home is your primary residence, or a second home or rental property.

It’d be great to know a little more about your market preferences and non-negotiables, since Alabama’s pretty diverse in terms of what it can offer.For example, the Huntsville area is a much higher-growth market than Birmingham, and the median home in each area is priced accordingly to reflect that difference.Even individual markets can vary widely by zip code—properties in a Birmingham suburb like Forestdale are going to fetch dramatically different rents than homes in a neighborhood like Mountain Brook or Vestavia Hills.In any case, let us know what your buying criteria look like, and we can give more pointed recommendations.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

However, costs can vary significantly depending on the specific location and type of construction, so be prepared to be flexible with your plans.Let me know if you have any further questions. 

No surprising considering all of my varied experiences with HD

Basically, just like any market, you can fail - but it can so easily be avoided when you have the resources and expertise needed to navigate it.For Crime Rates in the City Proper see here: https://crimegrade.org/safest-places-in-scranton-pa/ Just like any city, it varies heavily street to street, but is overall a solid place to invest.

You’ve come to the right place to connect with some vary smart investors.

I also understand, though, that this can vary lender to lender.

These loans often have more flexible terms than hard money loans.Cons: You need a strong relationship with investors, and interest rates can vary widely depending on the deal structure.