@Katie Lyon Because our weather is more temperate over the winter months, we have much more consistency in demand across all times of the year, so typically the market stays fairly consistent through all seasons.

Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.

In over 15 years of lending our money privately, here are the most common questions we are asked by potential borrowers.

Our solution is "Do all the work on the front end" - we vet the applicants internally and go through their info with a fine-toothed comb.

Owner/Occupants want function and style.Investors perhaps more numbers focused...probably want numbers to work day 1.Owner/Occupants....they'll stretch to make the numbers work....what can we cut to make our dream home work for us.Personally I don't think either thinks about exit strategies too much or maybe even not enough.I would say Owner/Occupants way way more focused on cosmetics and less about maintenance. 

My wife and I have one rental unit and are trying to move toward our next property, but still are trying to learn more and find additional ways to make some side income to speed the process.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

When the builder hands us the property and it is our responsibility to customize the interior build out.

My partner and I have already been discussing real estate as a long-term wealth-building strategy, and house hacking is definitely on our radar.