I've completed BRRRRs and flips here in Columbus and eventually grew my rental portfolio to over seven figures.

I have a STR in Cape Canaveral that has a 7 night minimum....or rather one rental per week.  

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

New to the rental property/landlord business here.

For what it's worth, I only own two rentals and I'm sure others may have completely different outcomes.

However, if the high cost of living makes this impractical, you should consider a turnkey rental property.

Currently being used as a short term rental.

Bluegrass Rentals of Eastern KY LLC

You could take that same $70K plus what you planned for that $680K down payment and buy 3 investment rentals in states like FL, TN, IN, OH, GA, LA, even up on the Oregon Coast just above you in CA.Most of my customers live in CA and none of them invest in Cali instead they buy in the states I listed above.

I’m committed to house hacking since I can only afford a place with a primary resident loan.Has anyone employed the mid-term rental strategy while house hacking?