It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

And i just wanna make sure we are prepared and can finish this project.   

Being able to be on site and able to commute 20-30 hours a week on the project is crucial for me 

I’ve been in the industry for several years, and my work has given me a solid understanding of property systems, maintenance, and what makes a home a great investment.I’m now looking to expand my own real estate journey by learning how to acquire and manage short-term and long-term rental properties.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

I want to know more about the area and build a team that can help me purchase and manage properties.   

You don't have anything to take I assume since you don't have anything to put into the project.

The first rate cut is now projected for mid-2024, but this could change depending on inflation trends and labor market conditions.

Nita Cook is a great property manager in the area for short term and long term rentals.

Try interviewing at least three managers.1.