- can I easily change between the two?

My question is if I’m going that far out and don’t have a car to easily get to the property is it better to do an out of state deal that is in a more ideal location since it sounds like I would be doing similar work.  

As was mentioned, you can always easily go from STR > LTR but not the reverse....And I also thought about the LTR tenant downstairs at the mercy of the STR partiers upstairs... so if you go STR/LTR, I would definitely do the bottom as the STR/Just my .02......

Investment Info:Large multi-family (5+ units) buy & hold investment in Mount Pleasant. 70 unit newly constructed apartment complex What made you interested in investing in this type of deal?

You can easily cash flow about $5000/ month or more if you find the right property OOS.

Where I live only SFH pay for water, apartments do not but my units are nice so I can easily charge an extra $25 to offset their water usage.

I am new and this question may be easily answered by many.

I could easily make this property worth a lot more then the purchase price within a year by raising the rents and improving the property.

We always meet the inspector because often the issues are small and can be taken care of easily.  

Based on the current market, I'm guessing that could easily take 6-9 months.