Remember your costs will be more for an STR, you'll be paying for a lot of things you wouldn't with an LTR - higher STR insurance, all utilities including internet, supplies like toilet paper, paper towels, dishwasher detergent etc, upkeep on furniture and linens if damaged, yard maintenance and grass cutting/snow removal, trash removal, etc.  

That’s perhaps a B area.Do you see 6 inch tall grass, moldy siding, and damaged roofs here and there?

The plan is to hold it for two years so that I can do a 1031 exchange to get a newer house closer to me, but if the tenants are good, I will do a cash-out refinance. 

That could make managing properties a bit easier.If you’re thinking about branching out into new markets, Memphis might be worth a closer look.

I raised the rents to bring them closer to market value, though still not at full market rates.It’s now been four months since the rent increase, and Tenant A has requested hardwood flooring to replace the carpet, which I believe has been there since they first moved in.

You have to let them get tired of paying the gas and electric, cutting the grass etc.I just closed one 10 days ago where the lady had every one of my letters I sent over a whole year.

I'm not closer to where the market is.

Many loan options offered float the rate until closer to closing, so that could be a nice way to hedge against any rate drops during your refinance.I hope that helps! 

The family we guaranteed rent to on their existing home, giving them the flexibility to buy with a partner builder and move out of state to be closer to the best treatment facilities when faced with a difficult diagnosis.10.

Have a farmer plant to grass.