And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.  

BR gets a decent amount of bookings from Floridians so gas prices and opened up air travel would be my immediate concern if you are looking for a cash flowing property now.  

@Luke Bricca Yesss...my heart is really in renovating and giving houses a new life (did that with my own house pretty much) but alas I live in the Bay Area so there is nothing I can afford here....or anywhere nearby really... plus a small kid (so travel is hard), so hard to travel frequently and supervise a contractor, etc. 

Do you send application to traveling nurses or only working professionals? 

The mid-term rental market (insurance relocations, travel nurses, and other professionals) is oversaturated.

Here are some key insights I’ve noticed:Tourism Growth: Indianapolis has become a hotspot for both leisure and business travelers, thanks to major events like the Indy 500, conventions, and sports tourism.

., corporate housing, traveling nurses) do achieve the 2-2.5x multiple.

I’ve traveled the country and spoke to crowds of 4000 people at one setting and gave 3 day boot camps.  

And, I believe, if I were to travel for business, I would be able to write off those meals. 

Think family-friendly, bachelor party crowd, traveling nurses, to luxury retreats.Competitive Market Analysis: Conduct an in-depth competitive analysis to help increase occupancy rates and distinguish your properties from the competition.