Initially rented to long-term tenants, it generated modest cash flow of a few hundred dollars a month with a 4.25% rate.

My initial goal was to long term buy and hold but am thinking holding properties long enough so I do not get the capital gains tax and selling then 1031 exchanging to getting more properties or more expensive properties. 

Most MLS purchases at high leverage indicated by those numbers have initial negative cash flow.  

It’s now mid-November.After double-digit requests through phone/voicemail to almost every phone number option in the menu, emails, messages onto their web site, Facebook messages and comments, I had to initiate a chargeback. 

This other thread was more focused on the initial subdivision and purchasing process.  

Carrying costs in purchase and or rehab is financed, cost of capital on refi, re-recording, title, updated insurance, etc. their are many costs at play after initial funding then to transition long term unless your straight cash on the front end.

I no longer offer them, We were going to initially get 11 sets, we soon discovered it wasn’t worth it.

b) I was initially thinking short-term rental, which is where that surge of requests came from but it feels like a lot of work as I would be doing the turns/cleaning for most part so what are the pros-cons of mid-term? 

Insurance placement guests tend to be very last minute, often will want to sign an initial 30-day contract and then the amount of time they will extend is very unpredictable but can sometimes be upwards of 9 months.

Here are my initial questions:1.