Basically last year and in the coming year this market will see hundreds of brand new medium to large houses specifically aimed at STR and they are NICE! 

I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront.

Hey @Frank Agyeman-Duah, My co-author in Bigger Pockets upcoming book on Medium-Term Rentals sells a furnishing list, that makes it dummy proof to just order and set up.

Ft)Medium Cosmetic ($45-$55 x Sq.

Overhead door location and height, width and depth of space, bathroom locations and electrical and plumbing rough-ins etc.

We've always self-managed our medium-term rentals in Colorado and once you get your systems down, it's not much work at all and the money you save is well worth it in my book. 

You also lower your own cost of living so you can invest more.Rehabs are nice as well because you have a lot of value add work at the beginning which allows you to develop equity more quickly.Strategies like rent by the room, and short and medium term rentals can generate higher returns.Ultimate you probably want to combine all these strategies, at least in the beginning, to supercharge your initial returns before moving to a more sustainable model.

If you're predominantly focused on cash flow and have a high-risk tolerance, considering cash flow strategies such as rent-by-the-room, short-term rentals, or medium-term rentals is likely the avenue.

That ain't the future, folks.Corollary to MTR-insurance relationshipThis reminds me of @Erin Spradlin's take on the current emphasis in medium-term rental world on creating relationships with an insurance company.

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it.