I moved to the middle of nowhere and needed a job.

Hey Fellow BPers! I'm diving into mid-term rentals and hoping to shift more of my units in that direction. I've got a few questions and I'm hoping you can shed some light on them, to help me streamline my approach to ...

Some vacation areas though, are saturated, making investing challenging to cashflow.As an investor, you MUST be patient and stick to your criteria. 20 years ago, it was common for an investor to have to make low offers (to make their ROI work) on 100 properties, to get 10 accepted, to close on 1 that made sense after an inspection.

Dont forget if you are providing common area maintenance, if your paying parking lot lights or annual parking lot maintenance then they should be paying a portion of their share of that cost.

What is the tenant's credit score, income & job stability, rent payment history with previous landlords, etc?

Looked at the job market and medium incomes. - Looked at a few properties on Zillow, plugged the numbers into a DSCR calculator, and calculated the Cap rate. - Looked at the property tax.

*data provided by Johnson Perkins Griffin Apartments Survey *data provided by Johnson Perkins Griffin Apartments Survey Meanwhile, on the demand side, job growth remains robust as more corporations seek to expand or relocate to the area.

I've never run a boarding house, but is there housekeeping needed for the common areas?

If you use a Full Documentation loan, it is common that lenders look at all your income and assets.

I wont let a good deal slip through my fingers, but i've found my niche and i'd rather focus on those than tying up capital to do other jobs that don't excite me as much.