We primarily focused on renting month to month or doing a traditional lease.

I will echo some other folks sentiment, getting max financing through traditional banks will be a challenge.  

@Virginia VanOeverenAs a private lender, it truly should be no different than traditional lender.

You're not going to show cashflow on a traditional LTR if you're putting 20-25% down in this environment. 

There are several reasons why you might like private lending when compared to traditional banking.We provide much faster approval, there are fewer bureaucratic hurdles in our process. 

The second one would be more traditional, but are pretty pricey on points and rate.Would be happy to connect and see if we could help!

Quote from @Christian Licata: Why not a live-in flip?

Our 5 bedroom home would likley rent for ~$2k as a traditional long term rental, but we get $3750/month by renting by the room!

Quote from @Christian Cortez: Quote from @Garrett Brown: @John Underwood , I was surprised as well by Joshua Tree's inclusion on the list based on its growth over the last few years.

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes.