Some markets are excellent for short term, and others not so great.It depends upon your goals, your temperament, and the time you have to invest.

Are there any in your market?

are you marketing yourself? 

What marketing strategies have proven most effective for you?

Hey @Michael Weleski I would recommend finding someone who is in your market doing flipping/renovations and partner up with them (get to/find a local REIA meetup if you haven't already). 

i am looking to invest in a long term multiple family near downtown.. the prices are much better than north jersey ( where i live) , but I'm not sure about the rental markets and typical cap rate. let me know if you're open to discussing further

I made an offer on a duplex, it's been on market for about 10 days.

Research local laws and regulations, build a team, and stay flexible as the real estate market changes.Good luck!

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Unfortunately we bought it at an auction and cannot rent it out so we fixed it up and are selling it, but with this slow market thought of taking out a refi in order to move onto my next project.