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So what is your exit strategy - long term hold, sell and 1031 to a larger property, or other?

Market research, targeted marketing, and a keen understanding of the evolving needs of potential tenants are critical components of a successful investment strategy in mid-term rentals.Conclusion:As we navigate the complexities of today's real estate investment landscape, mid-term rentals offer a compelling case for those looking to diversify their portfolio and capitalize on the changing dynamics of work and lifestyle.

House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

We are also open to hearing and learning some other different strategies as well.

Quote from @Uzziel Cortez: Hello everyone,I am 31 years old and finally ready to dive into the deep end here.Looking over the strategies I think I want to start with Out Of State MTR / LTR strategy.My though is travel nurses or university students will be a good market / consumer base to tap into.I live in Orlando FL but looking at lower cost markets such as Texas or Indiana.Looking forward to hearing any tips yall might have for me.Thanks Welcome aboard.

., A possible 1031 strategy for you would be to sell several of those properties and purchase 2 replacement properties using the 1031 exchange.The first property is something larger that you can own in cash. 

I am hoping to start by making my current house a true house hack with a basement unit - need to do the construction still - and then to start looking for more houses to start renting out for long term buy and hold strategy. 

Yup standard house hack strategy.

I suggest you meet with a CPA first to figure out the best way to accomplish your strategy.