Where you're located will absolutely factor into whether you use multi-year leases, but we manage over 7,000 properties through the southeast and have collected over 97% of billed rents through covid.  

So many people have pets that it's probably one of if not the biggest limiting factor to getting tenants. 

@Justin Megna this may sound broad, but study every factor/variable that may have an effect on your investment strategy and specific target market.

Also factor in your increased maintenance costs to get your break even. 

We have thought about going to a digital key pad but are not sure about batteries dying and the fact we would still need to catalog all the keys to these pads.There are so many factors I am hoping to gain helpful insight from some of you who may have already solved this issue.Thanks!

If so, one major factor I would consider is the quality of the on-base housing. 

., there is no simple formula, as you need to look at upcoming Capex items for the rest of your projected hold period, and need to factor in appreciation (or stagnation) of values.  

That puts you in the low end of that 3-5% range to essentially just break even from any external economical factors increasing your expenses.

Running a hotel and having a longterm rental are two different businesses and that's not factoring in the up front costs of furnishing.

For sure cant forget about that .i did factor it in my CDS rental calculator They say after the 1st one the next one comes easier so I guess we'll see..