Hello everyone, I have seen in this forum a lot of people who have experience and passion.I am also passionate and want to invest in real estate for the long term.

@Scott Trench - have you considered investing in short term rentals, materially participating, and having the average stay be less than 7 days?

I dont think Don or Chris particularly are hurt with this as they have long standing and loyal client bases and it wont affect me personally either but it sure does handicap others wanting to get started who may not have the long successful track record .

The Norris Group has a hard money ADU loan, but it's short term (3 years). 

How long did it take and what's next? 

If we the landlord would want to break the contract before the end of the multi-year term, we have to pay him a pro-rated fee to reimburse his investment

They will know market data and trends better, have reliable comps to base their recommendations on, and could even be a great deal flow with current portfolio properties selling.The completely remote, centralized PM function is one of the reasons why you see the homes owned by PE firms sit on the market so long.

Hi,I'm considering a purchase of a 1br/1ba condo on Amelia Island (Long distance rental).

But, if you’re in it for the long haul and have the resources, flipping might be the better route.

I like the other recommendations, give them a seller financing offer that is their asking and a good interest rate with terms that make sense for you, and offer what the bank will let you offer.