I would never do sub to for the purpose of holding long term rentals  ( at least personally) .

Our current focus is for a family lakehouse / lifestyle play here in TN but would like to work my way into commercial properties, short-term rental facilities, business acquisitions to name a few.

Renting it out long-term gives us a $3500to 4000 monthly, we could  rent out one bedroom to a nurse and the other to our daughter but still would be a negative.

Quote from @Martin Jones: Hello, I'm young individual who is interested in long term buy and hold multifamily real estate.

When a Class A apartment can be had for the same price as a Class B/C renovated unit, the B/C operator drops prices, and so on.But, in terms of making an investment decision, I think it is short sighted to rely purely on full market average data.  

I am excited to get started investing in real estate in out of state Long Term Rentals.Outside of real estate, I enjoy spending time with my kids, as well as mountain biking and other outdoor adventure activities.Excited to learn and connect with you all!

But I’m thinking of getting into STR investment and become more active.I’m a complete newbie to short-term rentals (STRs) and eager to wet my feet in this area.

Thank you so much for taking the time to give such a detailed answer.

That's my biggest concern.But I should also look at the tax and long term benefits.

I recently launched a short-term rental (STR) business in Gainesville, and I’d love to hear from other investors in the area.