Despite this, continued population and job growth, along with limited new development beyond 2025, suggests potential for renewed rent growth in the medium term.The market's long-term outlook remains positive, with Las Vegas's continued growth driving demand for townhomes and condos, making it a viable investment area for both short-term gains and long-term stability.

I currently have a long term rental in the Cincinnati area.

I would also recommend doing a balloon payment sometime from 2-5 years of executing the deal so you don't have the service the loan for a long time.

Do you have an extension option if my rehab goes long? 

A year of rent sounds great on the surface but I'm wondering why they wouldn't just pursue a normal year long (long term) rental...maybe they've been bad renters or have bad credit or low income.

My husband and I are planning to buy rental properties in Davenport, IA.
We already have a small portfolio, 3 doors, in Omaha, NE where we live, but the market here has gotten too competitive/overpriced.
I have sp...

Ive seen this work well, as its not exactly clearly defined how long the IRS wants the holding period.

You are going to loose out on a lot of income by doing this .If your cleaner cannot complete a same day turn - time for a new cleaner You would if you were running a 53 acre ranch in Texas with significant additional logistical requirements and maintenance needs (both expected and unexpected) beyond what an average short term rental requires.  

For those 2019 properties, even if they have fixed rate, long term loans, when the loan transitions from Interest Only to Amortizing, that can eat a lot of cash flow.  

Looking at a strategy to Brrrr or light rehab to rent out to long term tenants.