Your property must be desirable - and that desire is different for different reasons when comparing STR vs LTR.Tips - find a good property that lies inside of a good location and has a high demand for either STR or LTR.

Remodeling homes into something distinctive and desirable, like entertainment-centered properties, can definitely set you apart in the rental or short-term rental market.

Determine the rent you need to cover your expenses and then add the desired cashflow. 2.

Criteria can include location, population growth, job diversity, amenities, desirability of bedrooms and bathrooms, size, and comparable rents in the neighborhood.

So, we found one or two that were hungrier than the rest and had a desire to grow a family business, one where we'd be giving them the work.

Sounds like you have a good understanding of the strategy.I normally work with clients by giving them a price range of a property they need to buy to get to their desired tax bracket.Best of luck.

I.E. using all the equity available breaks the DTI ratio for the desired loan?

Name = Jonathan KlemmExpertise = Renovation & ConstructionLooking forward to = In-person Networking / Vacation in the sun (getting away from the windy city Chicago)Connection desire = Someone who has scaled a service business to $100MSession = Flipping houses in high interest rates, but I am biased! 

I had desisted of the idea of house hacking due to the fact that most small multifamily properties are  the most desirable areas(based on my experience).

I have no opinion about Ohio other than I have no desire to invest there.