I have been investing for 20 plus years in long term rentals and want to purchase my first STR for greater cash flow and appreciation.

Cash flow is gonna be tough here.  

My out-of-state clients are successfully purchasing BRRRRs and flips deals here because you can still find cash flowing and 1% rule deals here with tons of appreciation.

In addition, the service is often less than stellar and you are locked in to their providers.

Are you cash flowing the property?

and does anyone have some advice on what we could do to get into the real estate investing world in a better way, right out of college with limited cash?

That said, I know a few MHP operators that make some pretty tremendous money on the trailers, mostly by renting to people who need to pay in cash and have someone not ask a lot of questions - illegal/undocumented immigrants, transients, probably some criminals for sure, sometimes people (mostly women) hiding from domestic abusers, etc.

Plus location of existing multi's that are "affordable" hurts the cash flow numbers.

The current rental cash flows ~$400/mo.

Hi All,I have a few SFH’s which don’t cash flow so much, but I have a great 30 year fixed loan with a low rate on them.