I just did this with a duplex and bought a 6-unit property in my market.

One of the tenant won't renew her lease, so I am in the market to replace her.

Here are a few steps and resources to help you get started.Corporate Housing by Owner (CHBO): This site offers a wealth of information and resources for homeowners looking to enter the corporate rental market.

Make sure the host is financially very well off so you can sue them personally when they stop paying because your market outlays all STR or at least non-owner occupant ones.

(It's broken down by market type -- resort/mountain, resort/beach, rural, etc.)Here's how much more RevPAR homes with a certain amenity get for the mountain-destination category.

However they haven't had any other offers and it has been on the market for roughly 70 days.At the accepted offer rate our mortgage would estimated be:Year 1 - $5231Year 2 - $5750Year 3-30 - $6292Each of the 3 units would rent for an estimated 2-2.5k totaling roughly 6k-7500 per month in income depending on what we can rent each unit for.So with all that being said, conservative numbers the triplex would cashflow roughly 1k per month assuming we don't live in it and have all 3 Units rented.That seems like razor thin margins, especially when factoring in expenses so my question is:What is the cash on cash net return per month you would look for in a triplex deal like this?

I would love to connect with other people to see how everyone is working in this market!

It's crucial to conduct thorough due diligence on the property to ensure it has potential for value appreciation or can be renovated to increase its market value.To learn more about seller financing and strategies for adding value and reselling properties for profit, consider studying real estate investment books, attending seminars or workshops, and networking with experienced real estate investors who have successfully used this strategy.

You'll want to get prequalified and know exactly what you can afford because the market is super competitive and you'll need to be ready to make offers quickly once you find something you like.

There are challenges everywhere for different reasons -- weather, building codes, tenant culture, competitive market, high cost of labor.