For rentals, aA better thing would be to look at population and job growth in the market.

My SO and I operate furnished rentals in Cudahy, WI.

Landlord friendly, some of the lowest property taxes in the nation and positive job and population growth.

are either you or your spouse in a job that has a 401K with a match, and if so, are you maxing it out?

It's a great jobs program for attorneys, accountants, and QIs like us.  

Str beginning is going to run you 250k to 700k for a good operating income.best of luck getting going.

Would love to learn more about your operation, too.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Hi Mike,I operate a mid term rental and provide all utilities in the Toledo Market.

As you mentioned an LLC as well, generally you would either have a TIC Agreement or an LLC as the LLC operating agreement will essentially serve the same function as the TIC Agreement, and ownership would either be held in the LLC or as TICs at any given time.