You might have some luck finding families that are relocating and looking for temporary housing who are willing to sign the min. 3 month lease.

We’re two weeks away from closing on our first STR in Gulf Shores, AL.

Traditionally the RE market has lagged in this area but Caesar’s is building a casino in town, and has already opened up a temporary building that opened up last month.

But because that one was in pretty decent shape we put a temporary tenant in half of it for $850 ($100 above market rent) while we fixed up the other half and then they moved out and we fixed up their side now we have two long-term tenants.

I used GFCIs as a temporary solution, but eventually had those parts of the house rewired during a tenant turnover period.  

I used this smart lockbox that gives a temporary code.

While I am able to self manage my homes in Memphis and have had good success, I did buy a vacation rental in Gulf Shores last year and have been struggling to get it to cash flow with the property manager. 

Sure, we get dips in the market, but when you buy properties at the right price those dips are only temporary.

Pulled the trigger on Gulf Shores because the numbers worked with the ShortTerm Shop.

Many of the houses I visit between the Jersey Shore and Philadelphia have STR potential and I spent some time with agents familiar in it going through numbers etc.I spoke with my tax strategist and he told me so long as I meet 750 hours of shooting properties and meeting with agents or owners I actually qualify for real estate professional status!