"We do not expect much further upside for housing demand near-term.""

Please, no solicitations.Use the renovation/acquisition loan products that require 10% down on the purchase and you should be able to get a few going at a time.

I would never do sub to for the purpose of holding long term rentals  ( at least personally) .

You’d need to check the local laws to see what counts.Tenant Violations: If they’re breaking lease terms—like not paying rent or subletting—you might have grounds to evict.

I flip with cash, not loans, mainly because there are not enough deals out there that meet my highly selective acquisition criteria, so no need to pay interest on cash otherwise sitting in a money market account. 

Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

I can only imagine that they got a bunch of big time investors and business loans to grow this out.

The best amenities for Airbnb in terms of ROI often depend on your target audience and the location of your property.

For a long term hold, time and my value add will create my spread.