Is anyone familiar with the monthly rental market in Fayette, AR and how many months a year the average property is rented?

I don't see how the average person can afford these multimillion-dollar average homes, much less how they will continue to appreciate at the current rate.

However, using STR in an attempt to qualify for crossing real estate investment expenses and depreciation over to your W2 income triggers audits.

A home is going to require minimum $300/month in upkeep costs no matter what (closer to $500 minimum in my experience, $5k-10k per year is what I have averaged in expenses on my SFR's over the past 15-20 years).

Also, it is a four minute drive from a pretty expensive Aeronautical University and hospital.

  - Sales Price $720,000- Down Pay: 15%  $108,000 (higher down payment reduces your risk)- Balance owed: $612,000- Int Rate:  6.75% (nice spread on your cost of money at 2.5% - Arbitrage)- P/I payment:  $3,969.42- make the buyer pay T/I in their escrow payment thus increasing payment- Hold period - 5 years- Additional Interest earned = $203,884 (No Longer a Loss)- No Rental Management needed- No repair costs- You can still deduct the interest on the underlying loan as an expense - ask your CPA- Monthly income without the hassle ($400-500 each month, more if there's T/I escrow)I'm in NM and do these all the time. 

I do it myself and have succeeded 4 out of 5 times in reducing reassessments by an average of 25%. 

So far, it seems like the property (listed on Airbnb and VRBO) is performing well above average for the area.

My thinking is account for all expenses and hope that it being a new build will save me some time before having to perform cap ex style repairs (I do have about 50K cash on hand after the closing of this property so i feel comfortable with handling curve balls for a few years) New Build structure and neighborhood/school gives me hope that in 30 years i can still command a decent rent on a property 30 years old instead of trying to take something from 1970 all the way to 2055 and still get decent rent out of it .

That means an ARV not too much above the average sales price for the area (you can find that on Zillow). 8.