If you are considering to invest in other cities for long term rentals, I personally suggest looking into the Columbus OH market.

However, the inspector mentioned that the 2nd and 3rd floors are labeled as "Artist Dwellings," though he wasn’t sure what that fully entails.He suggested applying for a special permit to present the space as artist studios or dwellings, with the hope of eventually converting them into long-term rental (LTR) apartments under that designation.

One of the rentals, I rent mid term, by the semester to visiting scholars and the other rental, I rent short term during the summer and mid term during the academic year.

Current lease term (expiration date, month-to-month)7.

Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Recording Date 10/6/2021Loan Type CONVENTIONALOriginal Loan Amount $319,105Loan Term 361 MonthsEst.

What are your thoughts on Germantown and Gaithersburg in terms of rent by room options.

You need a great commercial agent on your team, a cpa who specializes in land development, a great architect, a surveyor who can do your short plats, a great dirt and underground utility guy, and a great permit specialist. 

Nice name :) Mine is short for Allison with 2 L's but close enough.I started because of Rich Dad Poor Dad too.

Hi everyone, I've been in my home for 3 years now and I'm looking to purchase a new home and convert my current property to a long term rental.

As long as you love where you are at I would try to look past this and keep in mind the long term picture of the brokerage.