Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.

After considering all costs, I was barely making more than I would as a long-term rental and it was taking up a lot of my time.

Any opinions expressed are only that and at best are based on the limited facts given.Experience is built on good and bad decisions. 

In the process.

I would reach out to local people in that industry and inquire on what they are currently paying for property space to inform your decision.  

I'm working on launching a STR reporting product designed to make data analysis accessible for everyone, even if you're not a data geek!

Installment Payments: The buyer makes regular payments to the seller, which include both principal and interest.

They also make great closing gifts.   

• Do my decisions make sense to a seasoned landlord?

Focus on affordable housing, such as PadSplit, and understand the application process for Section 8 housing.