And while travel is going to be expensive for any property, if you only have one in a market, the concept is the same with less rent: that $2,000 flight/hotel/rental car food for a one night visit, ties up a lot more of your gross when that gross is much lower. 

Late-night unexpected phone calls from tenantsB.

Guests unable to check in at 2 AM in the night, who are they calling? 

Many duplexes are under $100k and LTR at $750, STR at $100-$125/night and midterm at $1500.  

It was a hard lesson that nearly cost us a $25,000 deal, countless hours of effort, and more sleepless nights than I’d care to admit.We had a prime deal lined up, with a buyer who was eager to move forward.

Even says she has stayed the night there a couple times while getting set up locally.

We tracked her down, negotiated, and made sure she felt heard and respected, even offering her cash at closing to make sure everyone walked away with something.We worked day and night to make it happen.Everything was finally coming together.

Would love to find a place central to those 3 spots that I could rent nightly when I am not there.

Personally I scan the MLS every night in my target markets.

I was recently in Nashville and decided to stay the night and needed to rent a place for the night.