But you should have a good idea of when that will come due and if you can finance it.

@Ryan Duphorn  a  5 /2  and 1920 square feet IMHO isn't a good health care traveler accommodation unless you are in a area with a shortage of housing. 

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.

Hi Charles, As long as the borrower can show they have similar renovation experience, you should be able to do 80-85 on the initial PP and 100% of the rehab financed. 

Good morning @Cosmo DePintoHuntsville is an exceptional market where I’ve personally seen investors’ portfolios thrive.

Why spend 12% for someone to manage a property in good shape where you just collect rent and respond to an occasional need?

:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?

The upper level of society works in ways most of us will never understand...it sadly continues to be a back-and-forth thing of reaction...If our country and Chicago as well could take a proactive long term approach, our kid's kids would benefit in a way we couldn't image....

My main goal is to successfully house hack and start building long-term wealth through real estate.How I Got Interested in Real Estate InvestingI got interested in real estate after learning about house hacking and seeing how it can be a smart way to build financial freedom.

However, there are good deals in both markets.The key is to know your numbers and what makes a good investment.