A lesson that I learned is you obviously pay a premium for MLS properties.

I'm not sure about those State laws but I would try to get them on a new 12 month lease, possibly with an increase if it's warranted and if they wanted to stay MTM I'd still have them sign my lease so they have to adhere to my rules and I'd add a MTM rent premium.

You may be paying a premium now but the long game surely has to be better than giving money to taxes.

Right now the market is selling at a significant premium.

I know that if you can find a home to rent within 8 blocks north or east of the stadium, you can charge premium rent by the room.

The least expensive option and my current insurer is charging an annual premium that equals roughly 8.5% of annual rent, assuming 100% occupancy at current rental rates. 

Hi Bigger Pockets, i need your advice on this off plans property that i already put a down payment on.Background information. last year i joined BiggerPockets premium with the intent to invest in real estate no matter what. i am currently living overseas (US Citizen) and given the pandemic it was not easy to find a distressed property which i can flip or fix and then rent out. however i came across an alternative option which offers both some kind of safety in terms of the property's condition and the risk associated of buying remotely and incurring lots of hidden problems while at the same time getting some upside on the deal . so i found a developer in NC who is willing to sell me at a discount for a property that will be finished next December, i.e. 8 months from the now. the property information is as followsCity: DurhamDevelopment: 25 Townhomes, 5 buildings and 5 townhomes in each building. there are end units and middle units.Property Type: Middle unit TownhomeSize: 2,600 SQF, 3 ensuite bedrooms, 3.5 bathrooms, 1.5 garageListed Price: 529kHandover Date: December 2021Down payment to hold the townhouse and price paid to the developer: 5%, i.e. 26.5KThe development is different than anything in that area in terms of design and quality and they have already sold (under contract) 15 out of the 25 units. 10 units will be delivered this May. 

And often times the low cost continue to move, and premiums can be achieved with updates.  

Search and Examination Fees - in most counties there is a charge for title examination in addition to the title insurance premium.

I'm concerned that buying something this old would be asking for trouble over the long-term (30 years), as the areas I'm looking in command a premium.