We want to make sure that they understand the type of property that is being purchased and they have the ability to execute the business plan.

To me a slight in efficiency in storing money is a SMALL price to pay for the ability to act on an opportunity when it arises.

Start by talking to your bank to find out how the debt impacts your ability to borrow and what your options are.

A quick search says Oaklandrents average $2,680 so 36 months equals $96,480 behind with no ability to evict.

Purchase price: $194,500 Cash invested: $51,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

@Kyle Gray I'm licensed in CA so if you have questions about VA feel free to let me know and I'll answer them to the best of my ability. 

So now you worry about his ability to finish, so you want to make sure you write up something to hold his feet to the fire.

It feels like that the decision to add would be well worth the investment for monthly income but also my ability to sell later. 

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.