You'll have to do some research and talk with people who work and do business in the industry in your local market to get the answers to your questions. 

I really like LTR's but I understand that STR's can cash flow better, to me an MTR just seems like a lot of extra work and money upfront while still being viewed the same as an LTR for tax purposes. 

People believe they can short cut this by utilizing search engine marketing (SEM), which is paid for search results.  

A lot of MTR tenants will prefer to be close to where they’re working so they can just work and go home to sleep.

It can be draining if you work all day, then need to drive 2hrs after work and spend 4-5hrs working at the house and then 2hrs back. 

Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.

Just make sure to do your due diligence, get second opinions on the rehab work, and double-check the financials to ensure it makes sense.

On top of that, the tenants are lower-quality, so it takes more work to maintain communication, enforce the lease, etc.In my experience, the additional work and eventual losses erase any benefits of Section 8.

I’m ready to learn, work, and bring my best efforts to the table.Thank you very much for considering, and I look forward to connecting with and learning from many of you! 

I already have a contractor and subcontractors for work and funds, just need the deal.