I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented. 

The long-term plan was to convert the garage to an ADU for future cash flow.I'm seeking advice from fellow investors.

If you’re going to jump into real estate, I would highly encourage you to take is serious which means that you would need to dedicate time in learning and effort and connect with successful operators over time in order to be successful.

Jaime Yes, I've had a lot of good success with it for gathering comps.

I'm saying that's not for everyone and I'm thinking more and more people should think long and hard about the possibility of owning rentals first.

- Minimum period contract term or agreement?

It's great to hear your insights on the success in the Midwest.

As someone who has been investing in the Tampa Bay area for over 20 years, I can tell you that it's a market with great potential for long-term rentals (LTRs).

At least in my state, I have recourse if the property is not delivered in the same condition as long as you have a solid contract in place. 

In any building that allows short term rentals, you will have a majority of the owners doing STR.