usp=sharingCurrent Rent Long Term in 22302: $1800-$2200/moCurrent Rent Short Term AirBNB in 22302: $2000 - $3000/moCurrent Comparable properties at this price range (are condos with 500-$1100/mo condo fees) What made you interested in investing in this type of deal?

That's a big win for me because, generally, when you're evicting, the tenant stopped paying rent.

I agree with Clayton about charging them higher rent.

Since you’re not looking for a profit it might work but probably won’t rent in winter.

HI SAM,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

@Mark Redmann  pretty typical HML rates most guys shoot for 18 to 22% APR's  and hope for some early pays to increase yield.I suspect on the JV they also will do the 20k  deals or whatever split but they probably ( I don't know for sure just surmising) that they will have a pref return that is equal to or a little better than the HML rates....

We own Mobile Home Parks and provide rent to own deals for those who cant get traditional bank funding. 

Or are people typically looking to rent bigger units? 

Hello BP community,I am a new landlord and I recently rented out one of my properties in Houston to a family of 4.

.- Higher Cash Flow Potential:Certain markets might provide better rental income, leading to increased cash flow.Cons:- Limited Local Knowledge:Understanding the nuances of a new market is challenging without on-the-ground experience.- Property Management:Managing properties remotely often requires hiring a property manager, adding to your costs.- Increased Travel and Communication:Regular visits and long-distance coordination can increase both time and expense.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.