In 1-2 years you could save enough to purchase a home to house hack.

LTR could get $3200-3400.3-just purchased in August a townhouse in Costa Mesa California 3 miles from the beach walking distance from the back bay great location.

Any advice or recommendations on where to purchase a long term property for rent are appreciated!

If you're looking at a debt service loan, 15% is the minimum for a purchase but it's much more common (and rates are better) at 20-25%. 

@Wade Wisner -  Most of the notes that we purchase we keep in our portfolio and borrow against them with private capital.

Purchased as an asset sale in October 2019 as a buy/hold investment.

There are other submarkets of Columbus like upper Arlington that have higher like $500 per square foot but the purchases are tear downs at $200 per square foot so the real exit is $300 or so.

Essentially, a joint venture is where an inner circle member and RAD go 50/50 on the purchase of a property, but RAD does all of the market research to find properties, does all the rehab and management, etc.

We've never used percentage-based criteria, like the 70% Rule, for purchases.

Id like to put a HELOC on it or redelop it after a few years, the whole points of purchase is this is a booming downtown area lot of development rights etc, dont want to be in a financial structure that banks will frown upon.