Does anyone have suggestions of locations to look at that are decent to live in, have a good rental market, and have available properties that are reasonably priced?

We started our marketing campaign in the last week of August and we have 2 properties under contract and we are making another offer today (potentially a couple more next week).

No, but neither are all market tenants.

So in theory it can't be a LTR if we move out someday, but a lease naming a tenant as "manager" probably gets around that.I've thought a bunch about how to improve the property's cash flow, and there's lots of marketing and operational low-hanging fruit before we get to capital improvements. 

However, if they do, they are likely just 'okay' with it and would likely leverage the 10-07 market rent analysis on the appraisal to actually calculate and determine the official DSCR during Underwriting.Hope that helps, if you do have a tenant who is willing to be flexible, the 12 month is always the safest bet.

@Conor Kelly,Though I’m not Canadian, I am an active investor in Montgomery, so I can share a few details.The first thing you’ll likely notice is that properties in Montgomery are pretty affordable, even when compared to other markets in Alabama.

The current market conditions and the property opportunity are what have us considering that!

The current market conditions and the property opportunity are what have us considering that!

That said, I would look at comparable rentals in your market first and then make decisions based on what the expectations are of similar rentals in your market.

I'd love to connect with locals who are currently involved or planning to get into the short-term rental market.