This investment not only provided a substantial return in terms of appreciation but also generated a steady income stream, reinforcing the value of strategic real estate investments.

Reno offers diverse investment strategies, including flipping, medium-term rentals (MTR), short-term rentals (STR), and long-term rentals (LTR).

q=f8z5B-7KWMortgage DetailsHome value:$495,000Down payment:20.00%Loan amount:$396,000Interest rate:6.10%Loan term:30 yearsStart date:Aug, 2024Property tax:$6,000.00PMI:0.50%Yearly Home Insurance:$3,000Monthly HOA Fee:$0BalancePaymentsTaxes & FeesInterestPrincipalBalance20242029203420392044204920540150k300k450k015k30k45k Mortgage Repayment Summary$3,149.74Monthly PaymentPMInot required$99,000.00Down payment amount20.00%Down payment %Jul, 2054Loan pay-off date$467,906.17Total Interest Paid$500.00Monthly Tax Paid$180,000.00Total Tax Paid$250.00Monthly Home Insurance$90,000.00Total Home Insurance$37,796.87Annual Payment Amount$1,133,906.17Total of 360 Payments

That said, I think most people perceive these two cities to be pretty much on par with each other in terms of crime.Maybe I'm wrong...

Why do you think purchase contracts are so long and have such small print?

As long as this already hasn't been done multiple times.

Some suggest investing out of state for better cash flow, but that's not an option for me at this time.Recently, I ran into a realtor who suggested mid-term rentals to construction workers as a more profitable investment model.

Are you simply assigning the current lease (1 year left) or are you writing an extension for a longer term beyond the one year in addition to the assignment?

I plan to use this investment property as a self-managed short term rental (STR) to generate cash flow.

I have invested as a LP in apartment communities where there is a partnership between a government agency and the ownership group to provide affordable housing in exchange for tax abatements and long-term, low-rate government funding.