I think the government (FHA) and conventional side will require at least a year, if not two of this type of income.

That was me six years ago.

They have restrictions in place that place limits on days per year, occupancy, etc- but it's still doable (& profitable). 

But on the for sale side, its a slow go and last time aruond took almost a year for it to start impacting the market. 

I am a 42 year old newbie to Real Estate; out of New Jersey.  

If you can recoup your upgrade costs within a year, go for it. 

I am just thinking ahead, just in case, but wanted to get input on what options I could have with current tenants in a lease that might not expire for close to 1-2 years from now in the event I "needed" to sell a house or two, either for a better cash position for myself, or to 1031 into a larger investment property, etc.?  

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

We are looking at a 30-year fixed for a Single Family STR , but we are open to suggestions re: ARMs, Interest Only, etc. 

Hello, I am a fix and flip investor for the past 3 years and I am about to start my first ground up build.