Entertaining the idea of purchasing a rental property with a friend in the next few months. Idea is to purchase a 3 bedroom as our primary residence for the first year (third room will be occupied by mutual friend) at around a $3500 mortgage. After year one, we’d ideally use the house as a medium term rental (MTR) property, catering to traveling nurses / military. Will not be hiring a property manager and AirBnB just feels like to much work. Looking for any insight on peoples history with MTRs

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The MTR part usually isn’t a problem especially for married couples with one spouse in the military and the other who is a nurse. Towns near bases come to mind.

Not your question, but I’d be more concerned about the buying with friend part; loan circumstances, what happens when one person does more work, when one party wants to sell, etc

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Thanks for your input! Yes - the purchasing with a friend is a whole other thing

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