As Investors we have had to make a pivot over the last year, as LTR cashflow is tight, and STR have gotten so competitive.

@Patti Robertson, I'm glad your Section 8 experiences have been positive, but my last two Section 8 tenants moved out into other section 8 properties without so much as giving notice to me.

Also, you can ask for the last TWO landlords and then call the 2nd previous one.

In the last 3 years the only time I’ve ever paid for charging is super charging while driving cross country.

But you have to be prepared to play the long term appreciation game and have the resources and income from other sources to handle the ups/downs that will come with maintenance, CapX etc on that propertyBUT the investment has to be in a location that has a STRONG track record for appreciationthree things that needs to work together for appreciation :  high quality location + high demand + high quality asset classHawaii provide those two but be careful on the last one.

Have you bought all within the last 3 years?

I just did a turn last month.

Quote from @Sean O'Keefe: Buildium I disagree - been testing it out for the last few hours and I'm not impressed.

Each month part of the rent payment goes to your equity by reducing the principal.The last one that people overlook is that a cash out refinance gives you tax free access to the equity.

You figure out the ARV by getting comps(properties recently sold in close proximity to the property you are considering, with similar features - Bedrooms/batrooms/square feet/etc. and sold within the last 30-180 days).