One extra month of vacancy for the MTR could erase the surplus.

The wear/tear is much less for STR because the guests do not live their full-time.   

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.

(You say it’s worth about $100k more than you’re paying so figure an extra $15k.)Maybe you’d be better off partnering with the parents unless they have zero interest?

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

I got an extra $30K in value out of it.Appraisers don't use the PPSF because it is grossly inaccurate, despite common belief.

We currently live in Houston, TX but we will be relocating to the Seattle/Bellevue area this summer for work.

Quote from @Sarah Kensinger: Boston is not STR friendly unless you live in the property.

Lock away extra supplies; trust is great, but accidents (or curious kids) happen.