But if you're running spreadsheets... it's a rental, and that's a different mortgage.

I knew it would be a great rental for students and traveling professionals and it came fully furnished!

I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow. 

My experience in our 10 rentals (3 areas) was no decline in rental income. 

Hi Bigger Pockets community.I am purchasing my first rental property (a duplex in Nashville) with my brother.

Hi, My wife and I are exploring vacation rental opportunities.

If you're planning to hold this rental for long time replacement is your best course of action.

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

The downside of selling will also be that our expenses will go up by buying a new home as well, and we aren't very high income earners (we both make a little over $100k/year combined)We also own a few small rental properties in smaller towns nearby in TX, so the rental game isn't new to us!

Hello ~ I currently have a long term rental within minutes from me and just purchased a short term rental out of state.