My drilling location is approximately 100 miles from my primary residence so it would be a nice little monthly write-off if possible.Hope to hear from someone with more experience on this matter!

Home is located in the best school district in Louisiana and would go quick, whether I sell or rent. 

Where are you located?

It will depend on location as much as anything.

Good locationsAdd valueCash flowLong term debtReservesWorks for all market cycles.Buy in locations where the risk of not being able to pay the mortgage for extended periods of time is zero.

Brandon Greenberg has been hired to specialize in helping long distance investors locate properties and acquire them and I have nothing but positive things to say about my dealing with them so far.

I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to buy this property at a price that is about 60% higher and around 10.8X trailing 12 months gross rental income or 9.7X gross income projected over the next 12 months.They plan to renovate the units and increase gross rental income by 11-13% in each of the next two years and then level off at 3% annual rental growth thereafter.

I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to buy this property at a price that is about 60% higher and around 10.8X trailing 12 months gross rental income or 9.7X gross income projected over the next 12 months.They plan to renovate the units and increase gross rental income by 11-13% in each of the next two years and then level off at 3% annual rental growth thereafter.

In addition to storage containers (which can be costly to have delivered depending upon where you are located) there are a few companies that actualy make a "portable" single storage building that are shipped flat and you tilt up the walls and have a rentalable "no building permit and no tax hit" unit ready to rent in a couple of hours.

It's located downtown in the City of Las Vegas (which MIGHT be able to be made into a vacation rental, more research is required).