If you are sitting on the "fence" waiting to purchase a property because you don't know which candidate will get elected or which "political party" will be more favorable to your purchasing decision, consider the graphs provided below. 

My sense is that Steve is running into quite a bit of this.Jay, the answer to your question of if I know any $200K and under locations here that would make sense as an STR, yes, I do, but a lot depends on how the property is marketed, how it is furnished, to whom you make it appeal, how long you have to build up your business, how much work you're willing to put in.

How has it been working out for you?

For those that are on the fence about investing now, or waiting, or just exploring where investors can pick up some points of leverage, the primary area of focus will be in how the deal is financed.  

I wanted to know if anyone has used land contracts to sell properties.

Also, with it currently being a rental, the only bank that I know that currently does HELOCs on rentals is TD Bank. 

I don't know much more about it now.

Each of those things individually can be done at one lender or another, but knowing if it can be done at a single lender is the difference between someone who knows what they are doing vs someone just quoting interest rates. 

I'd also love to know of anything happening. 

Hey Brian, that sounds like a smart plan to me, see how your home does as a MTR for a few months and that should help you decide how to move forward.