Quote from @Mo Karim: With every increasing regulations on short term rentals, midterm rentals is becoming more popular with investors. 

I got recertified in the military on my weapon every 6 months and without regular practice and in a controlled environment I still had difficulty with the target.It gives many (not all) people a false sense of security, like they're going to pull out their weapon and go Steven Segal on the situation, when the most appropriate response most of the time is to exit the situation (run/hide/etc).There are reasonable alternatives to carrying a firearm that are at least worth considering for your particular situation. 

These regulations are basically trying to prevent all unsolicited calls and text messages to people with whom you don't have a prior business relationship or permission to contact.

Yes, this was a regulation passed recently in Cleveland, all rental properties must be lead certified.

Ive certainly purchased properties at serious discounts to the listing price....but it wasnt just random shotgunning of the offers.What I usually start with when trying to see if a lowball offer is appropriate is having a conversation with the listing agent first.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

@Chris Kittle make sure you understand the Class of the property, so you can use appropriate vacancy + tenant nonperformance percentages.We recommend:Class A 5%Class B 10%Class C 20%Of course, we base this on our Metro Detroit market, so you may want to validate for the market for this property.

Should I notify the current tenants in advance of each showing, or would an open house-style showing be more appropriate?

I also think that you should plan on looking for a place that doesn't have a lot of issues with regulations etc so you don't have to go that way.A HELOC is a good way to get started. 

But all of these investments operate under highly regulated and constrained exemptions to securities law, and I have been told it is very difficult to do the above legally.