There is also niche traveling progressional that could compliment an STR.Which has been the better success rate for investors in the area?

Welcome to BP@Albert Vanek, we noticed you aren’t a Pro member at this time and we would love to offer you a 20% off discount to start taking action in investing with confidence!

Good evening @Ling Chen,Out of state investing gives you higher cap rates and better COC returns than NYC.

Just like most markets in America, STRs are returning to pre-Covid occupancy rates and most people have no experience what that looks like because they entered STR investing during and since COVID.

Fill up the lower marginal tax rates with Roth conversion income.

Running your numbers based off a short term rental or medium term rental rate is going to get you in trouble.

The average consumer is some what aware of these layoff trends, inflation, higher interest rates, and higher home prices.

I would either want 25% down payment or the rate would need to be 9-12%.

It will depend on interest rates. 

I would price 2 of the rents as including lawn-care and offer the discounted 3rd rent to the one tenant who will be responsible for taking care of the lawn.