I personally like to have a mix of STR and LTR so that my portfolio is well diversified but my preference is LTR as I tend to focus more on appreciation than cash flow.

@Brittany P.The reason people use them is because some Facebook guru told them too, just like if the guru told them to fake a verification of funds or a guru telling people they don’t need to send a borrower a 1098People tend to not do their own research or have an attorney review and just take some template from the guru

For a turnkey property, in an "A" neighborhood, a reasonable cash-on-cash return might range between 5-8%, since these areas tend to be more stable but with lower returns.

both LTRs and STRs tend to be more expensive to get up and running than new investors think.

Although many syndicators tend to hide this is some shape form or fashion.

The rates do tend to be a few basis points higher but are often lower than conventional. 

I am passionate about helping teach others, especially women, learn how to do the same!!

My primary people have been good at referring others to me generally - like when my handyman was on vacation, he referred me another handyman when I had a need that had to be tended to within a few days5.

In the inner City those neighborhoods tend to be densely populated with residents who own their homes and when there is a vacancy the home is normally purchased and flipped by investors watching the MLS like a hawk. 

What they tend to realize after the fact though is the higher payments are now mandatory and the monthly cashflow is cut so that you're mainly relying on equity which although likely isn't always guaranteed.