Yes, you can potentially 3x and 4x the long term rents on certain types of midterm properties but it is by far not the norm.

I have several local banks who would potentially be able to help.

Also, I only buy in areas with potential price appreciation in the future.

So I've found a regional vacation market, the Poconos, that seems like it has properties in my price and potentially sufficient cash-on-cash returns to be worthwhile.

You could potentially sell the property furnished to someone looking for a vacation home or STR like yourself, that may help recoup some of your costs.

Hi,Semi-novice investor here...I wanted to ask if there was anyone in here that leverages the BRRRR method and would be willing to sort of walk me through how to run the numbers on potential properties using the BRRRR and/or the rental property calculator.

This community is a great place to connect with potential partners, mentors, and learn more about funding options.

So, the profit is taxed as ordinary income, including self-employment tax.Hope that helps. 

You could use a 1031 to avoid that, but then you have the 1031 fees which would also eat in to your potential profits.

What neighborhoods have some of the best growth potential?