You can also use some low-down payment mortgage products to continue buying in your back yard while house hacking and renting to others. 

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

What is average cost?

They also tend to offer good cash flow relative to their cost, especially in areas with high demand for affordable housing.

So if the house is worth 300k and you owe 200k then most you could pull out would be 40k (minus costs) and it would be a second mortgage most likely which would be expensive. 7.5-9.5% likely.But, you can put as little as 15% down for a conventional loan on a single family.

Maintenance costs are also less becuase you have more international families compared to the other resorts that attract plenty of party locals.  

Don't forget, you’re going to be out 10%+ in closing costs so you’ll walk with zero cash and pin your hopes on them paying you 20-30 years from now if that’s all they put down. 

Additionally it can often results in multiple additional tax filing requirements riving their tax filing costs up unexpectedly. 

Way better returns on the cost seg than you'd ever cash flow from an LTR. 

The newest outdoor is still advertising 1st month free as they haven't filled up, and I spoke with the climate controlled owner/builder yesterday (he's a pretty big REI in the area), and he made it sound like he hadn't leased a single climate controlled unit since they opened a few weeks ago.I recently purchased a 140x45 warehouse with low ceilings and had debated doing self storage, but my market seems very saturated.