Even if it takes longer to pay off, having a steady, reliable tenant might actually be less stressful than managing an STR.FYI - consider starting with a regular rental but structuring it as a 6-12 month lease.

And don’t be afraid to chat with leasing agents in Brickell-they can give you a boots-on-the-ground perspective on rental demand.Natalie, your story reminds me of a friend of mine, Alex, who house-hacked a two-bedroom condo in Phoenix.

Numbers, in this case at lease, are a matter of fact so there is no reason we shouldn't agree on the numbers. 

Get to work on it and lease it.

Without getting too deep into the weeds, there are a few ways to do this, including:- write up an assignable lease and an option to buy which the seller signs, then assign the lease and option agreements to a tenant-buyer.

My leases say Tenant is responsible for pest control if not reported within 10 days of move-in.

Purchase price: $595,000 Cash invested: $125,000 Purchased with the intent to lease to the tenant.

If you do section 8 you also have to be aware that your notice requirements for renewal and also for lease termination are longer than the standard lease.

They can handle time-consuming tasks like lease renewals, tenant correspondence, and basic admin work.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.