The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.

I hadn't thought of these strategies before, but I'll definitely give them a shot.

This strategy aligns well with the buy-and-hold model.Leverage Local Expertise: Partner with professionals like real estate agents familiar with rental markets and property managers who understand tenant needs.

The trick is to know the market and have a solid strategy for your approach.

So the exit strategy is the same with both options.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

Consider your investment strategy—house hacking, turnkey rentals, or real estate syndications—and start networking through local meetups or BiggerPockets forums.

They have a good set of advertisements that focus on their whole house strategy which is good IMHO.We are running about 50/50 on bookings for 2025 right now.

A common strategy I see with diversification exchanges, is that the investor will purchase the first property cash and the second with a mortgage.

If either of those strategies sound exciting to you, you can reach out to someone like us once you have started investing to minimize your tax burden