Whatever the situation, opt for longterm renters when the choice is available.

Cleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

Your business, so your choice on how to handle cancellations.

I'd guess so - I got mine funded in Sept 2017- I had 3 choices from the lender -- 3 yr rate lock, then adjustable, (either 5 or 7 yr rate lock) then adjustable or fixed for the life of the loan (25 yrs)5% at that time was what they were willing to do for the 3yrs, 6.75% was what they were willing to do for fixed for the life of the loan - they were one of the larger SBA lenders Id presume and kept it in house.

Then run your profit projections and make a choice.

Cleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

If your investments can't support the price of someone else doing the work then they may not have been the best choices for passive investments.If you are just starting out and are trying to maximize the cash flow to get established then I can understand that.Apartment complexes have a higher turnover.

With SS becoming more popular it just naturally becomes more competitive driving cap rates down and values up.

Rent by room strategy is pretty popular in North Dallas too because of all the new companies moving there and allowing people to surpass the 1% rule.