As long as you stay in the better areas I think there’s plenty of demand for mid term rentals.  

And  I've seen those last 30 years plenty of times.....

We haven’t gotten to paperwork stage because it’s not what I’m looking for but they’re definitely aware how long I’ve had the property 

Big banks have dramatically changed in the last 30 years.

I'm all for long distanced investing and own out of state properties.

I transitioned from single family after BP Con last year. 

However, in the last year, two major issues created a cash crunch.1. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

According to this Gallup survey, real estate is the most trusted asset class no matter the household income level of respondents. 

We also saw a decrease in Mortgage rates the last few weeks.

How long is the rate good for?