I think a more prudent (and achievable goal, not to mention far less financially risky) would be to start free classes/seminars to teach them how to delay gratification, increase their education and earnings potential, find quality and affordable child care (perhaps creating a "swap group" within your group for free trade-off CC), learn how to properly manage finances, and all of the other tools needed before you can even begin to invest in real estate.

This would be my first crack at a mid-term rental.I've got a property that I'd like to rent mid-term (30-90 days) to increase cash flow compared to a 12-month rental.

Hello Storage Facility Owners and Operators,I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand that, on average, total expenses for a well-run facility should equate to about 35% of the Gross Income.

Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.

If the property has recently been renovated I would definitely buy occupied because it reduces your risk and increases your cash flow right out of the gate.

It's in Philadelphia and I am assuming a 5% appreciation rate and 1.5% yearly rent increase.

Assess the risk and potential rewards in each market, and consider seeking advice from professionals and experienced investors to make informed decisions. 

It often results in increased rents for the area. 

And this is a general status of things across the board for REI, the bar of professionalism has GREATLY increased. 

You may use the following factors to help you focus on certain target markets:Economic Stability: Seek out regions where the economy is expanding or steady.