Purchase price: $112,000 Cash invested: $25,000 Mid Term rental How did you find this deal and how did you negotiate it?

YUP  when the GFC hit I had 450 loans out from my company in the mid west cash flow states from Chicago to Atlanta.. over 200 of them went into default over the course of the year..

If STRs prove difficult, platforms like **Furnished Finder** or mid-term rentals might be better options for steady income.

If they had communicated again on 6/12 to remind you they were moving out on 6/13 would you believe you were entitled to rent through mid July?!?

My tenants are on a 2 year fixed lease which ends in mid Feb 2025. 

I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?

we are in great school district w low crime and highly desirable mid century aesthetic. 

I assume this is referring to paying extra principal payments into your closed end loan (fixed loan that cannot redraw your money back out, aka, not a line of credit):- Interest on a 360 year fixed is calculated per month so it doesnt reamortize mid month so that means if you pay extra your interest savings on that lower balance (paid with extra principal) is not recalculated till the 1st of the next month so your daily interest rate is still being charged at the balance you had on day 1 of this current month.

Purchase price: $194,025The Sellers foreclosed mid-transaction and even had to lawyer up to get their lender to look at the Short Sale package.

Thanks for the breakdown - very helpful.In regards to how lenders look at the rent - I'm ultimately wanting to make this a Mid Term Rental if I hold it.