The most glaring example: "taxable income" is very different from actual profit as measured by cash received.2.

In this case, where they NEED to secure a new rental vs a case where they merely WANT to move, they’re expectations will become realistic VERY quickly.If a property owner could net the same amount of money doing a long term rental, then that’s what they’d do so to avoid the more work and less uncertainty of 30-90 day rentals.

With that said, a lot of people will be against you investing here because only a small amount of us have actually done it!

You would likely need another loan (DSCR, commercial, hard money, portfolio etc.)https://www.bankrate.com/real-estate/commercial-real-estate-...I hope this info helps!

Are they actually doing a full paint or will they just be touching up? 

I think the challenge is that local meetups tend to be held in restaurants that cost money and they don't attend.

From my research, townhomes appear to have lower maintenance costs compared to single-family properties and potentially offer higher cash flow.My primary goal is to find avenues to park money while also building wealth, achieving high cash flow, and growing in the real estate sector.

The smaller mods end up costing me more money to do. 

But it got me thinking.My Father's house flooded while I was trying to rehab him in Austin, and then his house got hit by edge of tornado, so there is a little over $50K in Insurance money.

The state is Florida.I did not consider this first mortgage an issue because I was simply going to live rent and mortgage free in this property myself, rent bedrooms, make good money and recoup my investment in short time (netting 4k income per month if you count not having to pay my current rent).