Hi BP Community,First time writer, long time listener! 

I can envision that the numbers on these luxury homes would lead to to a long lag time...but hopefully I'm wrong. 

My wife and I have done all the terms (short, mid, long term rentals) and have done some live in flips.

I am a long term hold investor so that would likely be my play.Good luck Sean!

If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it.

Better to keep rent 5-10% below market, but keep a tenant long-term.If you can handle all this, you MIGHT be ready to be a real estate mogul.Otherwise, you may want to get out of your own way and hire a PMC to manage your property better.Let us know how this goes before you continue dreaming about anything else:)

When the rent rates stabilize, I suspect they'll bring it back.I wouldn't try it in a location like Portland, but 99% of the country would be fine with a policy like this as long as it is disclosed and applied equally.

Why do you think purchase contracts are so long and have such small print?

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

Dave,Sorry I took so long to respond.