Most of our clients have their property in their own name (we do property management for STRs and MTRs).Every city has it's own rules for STR permits, whether you're allowed to STR at all, taxes, fees, etc.

Long-term rentals offer steady income and growth, but can be challenging due to tenant management and market risks.

If you have any projects you'd like to have reviewed and get some quick pricing on I'm always happy to help.

Doing this will increase the projected annual revenue from approx. $52,000 to $80,000.

Any idea on what would be the per sq foot construction cost for this project?

I am wondering what are the projections for next year?

I prefer under-valued, distressed, poorly managed, properties needing updating/rehabbing in markets where I can buy at a discount and build equity and cash flow for my time and investment.

If you’re comfortable managing a rehab and want to build equity quickly, the older townhome might be a better fit.

I’ll be out of state, which I know is a big red flag for many.Well below 1% minimum of Rent/Property ValueHoping to self-manage (Yes, another big red flag)Loss of capital gains exclusionMONTHLY SUMMARYRental Income $3,500Less ($3,440) Mortgage (2,900) HOA (390) Rent Ins (150)Less ($1,155) Property TaxTot Exp ($4,595)Rev: ( $1,095) !!

Renting by the room would increase your rental income, but you may sacrifice in your own quality of life having to manage so many tenants.