Shorter terms certainly won't hurt you - lower interest rate, higher ROI on that specific property :-)If you haven't already absorbed it - I recommend you fully embrace the 50% rule - plan like operating costs (excluding financing) are going to consume 50% of your rents. ie don't spend 100% of your cashflow on living and get caught by vacancy, economic downturn, rising interest rates, new roof etc :-)My advice is to just keep talking specifics with your Dad about his investment objectives so you and he will understand each other and enjoy your great relationship.

Yeah, this is an outlier track, but that's the beauty of the question, all 3 answers are right for different people, for different reasons.I say this with trepidation, because I'm going against one of my mentors, William Nickerson (and you guys), but my situation is different than many, with a healthier W-2 and equity outside of real estate.

I had also chosen a path that was not well suited to my strengths.I am back again with new resolve, a healthier outlook on life, and most importantly a deal (hopefully).

If you want to convince of RETURNS, show us something speaking of the next 3-7yrs, something of tenancy base, median incomes going up, stronger healthier tenancy with stable cost of operations. 

That just how businesses are run: as distinct, separate entities.As a business person, you need to get rid of the consumer "cut corners to avoid spending" mindset and embrace the entrepreneur's "cost of doing business" mindset.

I would embrace the opportunity to network and find a Mentor.Cheers,Tausani

There will always be someone younger and hungrier coming for you (metaphorically) and once you embrace that truth and wake up and grind each and every day, you will do great. 

I'm Okay with that matter fact I embrace it.

Rule #2, Embrace the Program.

Banks who have a greater percentage of borrowers in default are more likely to want to provide a greater discount than are the healthier banks.However, just because MLS is marketed as full retail does not mean deals can't be found.