Great place to live -- not so much when there is little to no leverage to purchase my own home, burn rate goes very quickly, or perhaps I don't know enough.I follow Brandon Turner, BiggerPockets, Grant Cardone and have attended both his Real Estate and Sales & Marketing talks.I would like to get into real estate to one day either purchase or build my own Home Recording Studio.

(Note - No tenants will be sucessful moving with only 30 days notice in this market. 

Natural disasters, higher construction costs, and a competitive insurance market are driving these increases.Review your current policy to ensure you’re properly covered without overpaying for unnecessary coverages.

In general, what is the strategy for choosing rental terms in the current market?

Are you talking about your local market or just real estate in the US in general?

In my opinion Option 1 could be a bit risky in today's environment as we are not sure if prices have hit the bottom yet, there are positive signs in the CoS market that point to price appreciation in the future, but there is a good chance the interest rates are not coming down for a while, which will have a negative impact on home values. 

Market Research How did you add value to the deal?

This could be a faster route to get your short-term rental up and running.2.Look for Motivated Sellers:In the current market, there may be opportunities with motivated sellers who are willing to negotiate on price or terms.

When I first started my investing career, I started with DealMachine and was sending out Direct Mail Marketing.

I agree that Zillow may not be the best for management/screening, but they are good at marketing.