Lower vacancy, lower turnover costs, no commissions, and actually less overall time than having to talk through leasing with a manager, considering I was having to do that far more frequently.

For example, frequently we are able to get at least 25% added on to the claim for items one would assume were included in the claim but were actually left off when an insured initiates their claim on their own.

Because of this Houston frequently has flooding in unpredictable patterns.

Longer-term goals would be to have multiple short term rentals in various vacation spots around the country(beach & mountains), allowing family vacations to be more frequent and requiring less budget considerations, plus reap the tax advantages of RE.

Job requires frequent travel3.

I recommend frequently asking yourself 1) What would happen if I lost my job 2) and my vacancies doubled and 3) I had a major repair to fund.Prepare for the worst and hope for the best.

I'm updating this list frequently, as I added 2 new HELOC lenders today, and others are removed as they won't do them on investment properties any longer. 

At what interest rate level do we see frequent multiple offer scenarios?

I frequently get questions about how much revenue a short term rental (Airbnb) can produce.

Going out of state increases your risk because you won't be able to check on it as frequently and it is more difficult for you to evaluate deals there.