Hi Erin, I work for a property management company in Milwaukee, Wi, and here are some thoughts to consider: Vacation rentals- Pros: Higher Income Potential due to tourists, Flexibility, Shorter Tenant CommitmentCons: Inconsistent Income depending on demand and time of year, More Management Required, Wear and Tear because of constant turnoverLong-term rentals- Pros: Stable Income, Lower Management Effort, Predictable Expenses, Less Wear and TearCons: Long-term commitment (this can be pro or con depending on the tenant), Market Dependence The choice between vacation rentals and long-term rentals largely depends on your financial goals, management capacity, and the property’s location.

Do you prioritize competitive rates, flexible terms, or quick approvals when securing funding?

**Flexible Underwriting**: Many DSCR loan programs offer flexible underwriting, allowing investors to qualify with lower credit scores or unconventional income documentation, making it easier to secure financing compared to traditional loans.4.

Seller financing can be a great way to sell a property while offering flexible terms and potentially earning a higher return than traditional investments.

Airbnb has several options to choose from (Flexible, Moderate, Firm, Strict and Super Strict). 

@Tom S.Thank you for the great advice, I will definitely make sure the inspectors check against the code book, its a duplex listed at 69k currently but foreclosure company seems eager to be rid of it, so the price should be fairly flexible.

Outside the city limits of both towns there is more flexibility, but you want to be sure about what you can do with a property before you get under contract.I'm happy to help strategize more!

You can do a certified letter to prove they received it for completeness.I recommend going the friendly route and being reasonably flexible.

Now, let's break that down…- A median single family home is $543,000 (up 2% from last year)- A median townhome is $377,000 (Down 5% from last month so appreciation has slowed down significantly here: https://tmls.stats.10kresearch.com/infoserv/s-v1/IFbq-ZfR)More quick stats:- Homes went for 1% under asking, indicative of a less competitive market typical of fall- ⅓ of homes experienced at least one price drop- Homes sat about 21 days on market- Sellers has 10 showings before going pending- There are about 3,100 homes for sale, which is up 10% over last yearWe continue to see more options to choose from, more flexibility from sellers, and cyclical dips in prices across the board.

Currently I'm pretty flexible on time most any afternoon or evening.