Another issue that needs attention upfront is the ROW being sufficient width.

Cap rate 12% Location in mid to high income with tracfic count is medium for that town .

I personally feel that this is overkill and truly a waste of time since risk is a relative term that can't be quantified by one, absolute number.I recommend a much more simple strategy that works very well for Kansas City's markets.Basically, I look at 3 things:1) LocationA) Inner city - Highest RiskB) Midtown (areas surrounding the inner city) - Medium riskC) Suburbs and surrounding cities - Lowest risk2) Property TypeA) Single family homes - Highest riskB) Multi Family - Medium riskC) Commercial (office space/ retail space) - Lowest risk3) Property ConditionA) Needs major work - Highest riskB) Needs minor work - Medium riskC) Needs no work - Lowest riskSo,  based on this formula, you can see that if you were to choose a house in the inner city that needs a complete rehab, you would be taking the highest risk.  

Looking at small/medium commercial now, the market seems to be much less organized there. 

I don't have a definition of "long term," but in my mind it is 20+ years.To me, short term is less than 5 years.Everything in between that is neither short nor long (I guess it's medium term).I think buy and hold is just a philosophy of owning a property for longer than 5 years.So, I believe you can be a medium-term or long-term buy & hold investor, but I think the term "short-term buy & hold" investor is an oxymoron (since, to me, buy and hold is 5+ years and short term is less than 5 years).Can't wait to hear what other people think.

I manage a portfolio of medium-term (30+ day) furnished rentals for business travelers in San Mateo County just south of San Francisco.

Germany has a large influx of Expats for business short and medium term. = focus on furnished housing/corporate housing for it beats the rent ceiling2.

Another issue is that short-term discounted cash flow has become the standard way to measure the success of income-generating development, resulting in "disposable" suburban designs that make money in the short run but are not as successful in the medium to long term as walkable, mixed-use environments.2.)

Medium-term college rentals?

@ned: I know that these answers are going to be subjective and vary depending on the type of marketing medium and your individual skill levelI'm really just curious about what everyone is averaging.