After all, you have no evidence they agreed to pay rent or any of the other terms.

This allows for deferral of capital gains taxes until December 31, 2026, with potential reductions in the taxable amount if held long-term.

STRs in Non-Traditional MarketsShort-term rentals in areas near universities or event venues are gaining popularity.

Is it for a shorter length term than the normal 30 yr?

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

My short term goal is to start investing in single family homes/duplexes within 100 miles of Boise as long term rentals.

But long term, I can’t hope to be a little giddy, always with a skeptical eye toward the horizon, of course.Be cautious out there.

Long Term non-paying Tenants.

Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

Any advice is welcome.In my opinion, if you can go conventional, most of the time it is a better choice due to the better interest rate and terms.