I do BRRRRs mostly and still can hit what some seem to think is hard to find—the old 1% rule. 

I have two primary rules of investing 1.

forget letters. miami is easy too. 

Quote from @Jeff Roth:Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.I would not base the income potential for a MTR on a rule of thumb.

The rule of thumb is, if you can't handle the potential call from the lender, don't do the deal. 

You can make the mortgage Have a balloon payment in 2 1/2 years so that you don't miss out on the IRS tax exemption rule of living in your primary home two of the last five years.

Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.

It easy for people to get up on their crystal palace podium but the moment it comes knocking on your door or in your neighborhood peoples opinions change drastically. 

I don't think its as easy as people make it out to be. 

I agree with Patricia, but there are always exceptions to every rule.