Those that are locking in new mid term properties - are you cash flowing?

I have kicked the tires on mid term rental prospects in Champaign-Urbana, but that's it.

There is a bill in legislation (Transient Accommodation Rental - TAR Bill) for Hawaii county, that is trying to do away with mid term rentals completely.

April-May and Late Oct to Mid December. 

MY LTR's are mid-tier for their market and have minimal cash flow at the moment so it all gets eaten up by  repairs and manager fee, my goal with these is mainly long-term appreciation and eventual cashflow as rents rise. 

I have a mid term rental in Charlotte and a Short Term Rental on Lake Norman that does fantastic!

Or are you going to invest long-distance from NY to the Mid West? 

It is a huge plus if you can be near business areas or hospitals so you can always pivot to mid-term rentals if the short-term rental becomes too much hands on work or you can even use short-term rents in between mid-term stays 

Rental terms can vary by neighborhood due to HOA restrictions, but we have some that can be mid and long term rented. 

And if you’re looking into rentals, Coloma is a solid choice for both short-term and mid-term rentals (think 3-6 month leases).