Otherwise, I would start off from the goal - since you're looking to BRRRR down the line, what is an area you'd like to hold the most in the long run?

Putting this on your taxes will help you in the long run.5.

I own couple of single home rentals in Tampa Florida and have always wanted to transition from long term to short term rentals.

Our long term strategy is buy and hold owner finance. 

Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.Asking and Effective Rent (ADR and RevPAR)ADR for all tiers is projected to grow steadily over the next few years:- 2024: $193- 2025: $197- 2026: $200- 2027: $204- 2028: $209RevPAR is also expected to show consistent growth:- 2024: $155- 2025: $160- 2026: $163- 2027: $166- 2028: $169Upper-tier properties command a significant premium, with ADR forecast to be $233 in 2024, compared to $122 for lower-tier properties.

I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals.

Also, check the amenities available, that will run the HOA dues too.Location-wise, check whatever will be easier to rent in the long run.Also, depending on how you're comfortable with sharing your apartment, 2 bed could be a great house-hack.

We meet monthly in Long Beach with panels or presentations from other investors, or affiliated professionals like attorneys, managers, contractors, insurance brokers, etc....Check it out.

Others differences that jump out: loan parameters are stiffer (usually 20 terms on a mortgage instead of 30 year), commercial insurance will be more expensive, appraisals will cost a good bit more.

I am assessing investing in Middle Tennessee for long term rentals and would love your thoughts on where the hotspots are likely to be over the next couple of years.