Properties with just cash flow and little appreciation potential are generally in worse locations and are considered high risk (high cap rates), whereas properties in better locations are low risk.

To be successful in the MTR space now I think it's important to market to all potential clientele and not solely focus on one group like traveling medical professionals.

If you set it up with a car rental service like Turo are likely protecting yourself/car more from potential issues and damage and may be able to keep it off platform and only make it available to your renters (not sure on that last part but just a thought).Also, from a lender perspective it could complicate things if you are looking to refinance one day and have car payments included in the lease payments/on the lease.

My question is, should I sell it now and make $500k+ to reinvest in multiple other properties or wait the unknown amount of time for the property to be sub-dividable and potentially make 3-4x?

I have a potential lead, but I need some assistance on getting started.

It includes professional photos, a yard sign, a comparative property analysis (CMA) and a personal home overview to go over what should be done/fixed/updated to maximize our home sale.1 Year ListingA listing on MLSLI.com, HGAR.com, OneKey MLS, Realtor.com, Zillow, Trulia, and other partner and other real estate agent websites36 photos uploaded to the MLSFree changes (price, open house, description, photos)All legal disclosures and paperwork providedFree MLS flyers, open house flyer & sign in sheetsReceive all buyer leadsLocal Broker help by EmailWeekly Listing Stats for your propertyShowing time Scheduling (if wanted)Electronic LockboxPhone call questions and help with anything you need during the selling processThey negotiate your offers for you professionally They verify all buyers pre-approvals and/or proof of fundsThey fill out and send all required paperwork to the attorneys to get contracts goingThey handle all home inspections and potential issuesThey deal with the appraiser and provide comparable sale information so your house appraises for the contract priceThey confirm the commitment of buyers mortgageThey help deal with any legal issues from the town if there are anyThey handle the walk through and any issues that might ariseThey attend the closing (if there is no scheduling conflict)I make the appointments and show your own houseCost: 1/2% with a minimum of $2500

Seeing it as a great potential future home, I decided to make an offer.The offer was accepted, and I purchased the house with the intention of staying at my parents' place while renting out the home until I'm ready to buy a duplex, moving closer to my goal.

. $225KProperty Features:First floor: 2 bed/1 bath, potential rent $1,200Second & third floor: 4 bed/2 bath, potential rent $1,500Separate utilities and heating/central AC systemsInitially, I projected over an 8% cash-on-cash return.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

This doesn't include the potential tax benefits.Total mortgage interest over 5 years = $137,497.