If you know your tenant base like you do, then you know which works for them.

@Veronique Leroy I would say it is possible if you force equity, hold for a few years and then sell and then average the return of the whole profit over the timeframe of deal.

Then I think I will buy my first out of state property once I'm ready.

That's the starting rate and then there are millage rates that bring it down to the actual tax rate.

For a long term investor:Would it make sense if you could buy the home at a steep discount and then let the owner stay rent free for a specific period of time?

This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender. what markets?

Then there are daily late fees.

I have seen it too many times where an investor will buy an older property or even a new build, they net cashflow similar to you for a year ($100-$200 per month) and then a $5,000 repair or insurance/tax hike here hits them and it's a loss - they either get forced to sell or are majorly setback and unmotivated. 

Until then it can be really stressful. 

I was able to get more information on the property then if I didn’t know the seller and I’m still able to contact the seller if I have questions.