Rents are determined by condition and location. 

My plan is to self-manage the property and rent out the duplex as an STR.   

That consists of buying a single family home with some form of separate living space to rent out as a STR and help offset living expenses.The DownsideLenders Calculate STR/MTR Rental Income Differently- From a lender's perspective, any rental income received on a term less than 12 months is NOT calculated the same way a traditional long term rental is.

retiring on cash flow is a pretty tough thing to do for most folks full stop.to me to do that its highly dependent on your location and price points.And how much capital you have to start with and or your day job to allow you to scale.

So we would strategically hit a location with a mailer, that than the call-room would start hitting on 2 days later.

The appraisal indicates the rents will cover 1.1 of the PITI, and the credit is good, with 20% down, solid savings, and a W2 earner (a beautiful lending profile).

We are considering using the rent to own strategy with our newest deal, a 2 bed, 1 bath.

MTRs are a lot about location and proximity to businesses that bring in workers for these types of stays. 

Visit www.ascsp.org to locate a firm near you.

I also think it makes sense to renovate in Humboldt due to the ongoing gentrification and also the increasing rents.