STRs come with added expenses that LTRs do not such as all of your utilities, platform fees, etc. 

In this case, you leverage the property you are in so you still have money left over.The other option is utilize the cash to do the BRRRR strategy in order create more cash flow and have the mortgages covered so it doesn't effect your debt to income ratio for when you get your personal residence.That's the joys of real estate, you have options.

I think most out of state investors would agree that it's essential to utilize other people's time and expertise, as opposed to flying out to every potential deal.

I have a home with 8 bedrooms that I have >$5,000 a month in revenue come in from, after all costs including PITI, Management, funding maintenance, and utilities I pocket $2k a month, each of these two homes will perform just as well I can easily meet the note and set aside cash so a 3 year refinance absolutely works.Thanks for guidance!

Finally, I assume you will not be taking a mortgage out for the property and this is a single family home, so all utilities, etc will be billed to the renter?

However, in a recent NAIOP article, real estate professionals are facing challenges figuring out how to actually utilize data.2.

At this point, we have 15 rental properties, do Airbnb in our home, have a small business and don't utilize any outside financial help.

They can get all back rent, plus possible help with utilities and 3 future months of rent.

Mainly looking to just get the conversation started on how I can utilize what I have at my disposal in the most efficient and beneficial way possible!

Tenants want free water, utilities, rent, and now you may also be subject to provide the building with free Internet.If it was such a deal and a steal; I assure you someone or some company with larger pockets would had bought it already.