Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental.

That will go a long way to answering some questions.Check out - https://www.awning.com/airbnb-estimatorThat tool is similar to AirDNA for basic lookback on the area as far as occupancy and revenue goes.

Do I just use the realtor's complete list of contacts on their rolodex if they've proven to be a successful and have a good reputation on BP?

And while there are a ton of people on these forums and social media that I would never trust my money with, there are also a lot of people/companies that are on social media that are great operators with long track records.If you are not going to go that route, I recommend you start hitting up local meetups and REIA groups.  

Daily finance reading is boring.Want a successful career?

Investors want you to earn an income if you are the GC as long as it’s market rates.One structure for land purchase the investors put up all the money for land and house, you do all the work including management and you split all the profits from monthly cashflow 50/50.

The reality that neither view is realistic or probable.The best advice I can give would be to underwrite for long-term leases as that can be an acceptable exit strategy, but be prepared to execute well on your MTR strategy (great interior design along with profesisonal photos and concierge servive). 

Also check how long you have to notify the tenant that they won't be getting their full deposit back and how long you have to return the balance.

I would certainly remind the tenant the agreed upon terms of our agreement. 

Lease renews 08/2025Unit C - 2 bed 1 bath, not updated - occupied with very long-term tenant (several years) - rent is currently $710 - month to month.