The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

Renting it out long-term gives us a $3500to 4000 monthly, we could  rent out one bedroom to a nurse and the other to our daughter but still would be a negative.

Successful investor don't come out of pocket very often.  

For instance, the term could be 3 years and add a clause that says they have to return the property to the condition it was in when they moved in, not just keep their deposit. 

Hey Malachi, welcome to the BP community.Wishing you success on this new venture & I’d be happy to help however I can.

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

We do a new FULL lease every time because laws change, terms adjust, and it's negligent to do anything less.

Commercial lease agreement, long term (5+ years).

This is very old but curious if you were successful with this? 

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..