Newbie here - 2 weeks into my first property, I plan to house hack short-term rental (live in basement, rent main house) in Nashville.

Hi BP Community, I have a few long-term rental units, but am thinking about transitioning into the more lucrative space of STR.  

Seeking stable, long-term housing can lead to longer tenancies and lower turnover costs, which is what many Section 8 renters are after.There are, however, disadvantages to take into account.

You and your cleaner should form a type of business relationship that will last long-term, which benefits the both of you.

In terms of buying materials, there are several cases where I do this and other cases where I wont. 

I currently have 2 long term rentals, looking to add more cashflows.

The combination is that high LTV financed RE is not only at an all time high but in terms of inflation adjusted cost is at greater than 40 year high.  

In terms of advice, it seems like you have a solid plan of what you're looking for so I'm not sure what else I can add other than I think it's a great idea.

I'm looking to do a house hack and open to doing STR, mid-term or long-term rentals.

Newbie here looking to get into the long-term rental game.