Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.

Data point: we have a long-term rental in a popular STR neighborhood listed through Zillow right now.Every person who writes asking to do some sort of arbitrage is blocked by the Zillow platform.I don't even have to say "no thank you anymore."  

I wanted to ask advice of some of you who have a lot of experience in long-term rentals. 

Many people choose Memphis because the market offers a good balance of cash flow and long-term appreciation.

Renting it out long-term gives us a $3500to 4000 monthly, we could  rent out one bedroom to a nurse and the other to our daughter but still would be a negative.

All in all, I'd like to worm my way into the REI space and preemptively thank everyone who has taken the time to read my long introduction and offers their advice.Thank you,JohnTo keyword farm: rehabbing, fix and flip, house flipping, BRRRR, multi-family, apartment, long-term rentals Holla

i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income. 

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Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.

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