It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

I am betting your gonna find a lot more friendly amicable persons than shut doors. 

@Ryan WasherHey everyone, I'd be interested in attending an in-person or virtual meet up also.

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.

This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.Big Picture: The Best Move for You•If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.

Personally see these laws sweeping the nation.. 

The GSEs, Fannie Mae and Freddie Mac, both allow the use of foreign income under certain circumstances.In the personal tax returns provided by a borrower, you may see an IRS Form 2555, which identifies the foreign earned income.

My personal goal is to build a rental protfolio, but I'm open to anything.Thanks in advance. 

I highly suggest as many in-person networking events as possible! 

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.