You have to have a good handle on what your hold time will likely be and what capex will need to be done in that time period, and be sure you price it accordingly when buying.

Looking for someone that does have interest only period.

The issue I'm having and coming to realize is that every lender I approach is requiring a 6 month seasoning period.

NYC went through a severe decline in finances, population loss, greatly increased Crome, etc in the period from 1960 - 1982.  

Hi Micah, Depends on the lender / seasoning periods.

Hi Adelaide,For STR - you are going to get most of your business from all the sports events -- racing - Indy 500, football -Colts, NBA - Pacers, WNBA - Fever (Caitlyn Clark), We just hosted the Olympics swim trials, other events include Big Ten Championships, NCAA tournaments (NCAA headquarters here), and the Combine (recruitment for NFL).We also have a pretty busy convention center -- not huge like Vegas or Orlando, but it is solidly booked year round with events like ComiCon, GenCon, Firefighters Association, Future Farmers of America, Candy Expo, and various others.For MTR, you are looking mostly at traveling nurses and medical personnel, you also may get contract workers for the larger corporations like Lilly, Sales Force, or Rolls Royce.Happy to hop on a call and discuss further.

If you fail to show up with the $95,000, you forfeit your $5,000 bid and the property would be auctioned off again.So your bidding money is at risk until you pay the balance.After you win the bid, there is a 10 day redemption period in Florida where the owner can more or less "claw back" the property by paying all the money that is owed to the lender that is foreclosing.  

I have clarification that it is now allowed for the transfer of title into an LLC that you are the majority owner of (borrower(s)) without any seasoning period if you used the second home occupancy loan.

I’m 21 and I’ve had this house a few years and lived in it for a period of time.

The previous owner cannot stay there during the redemption period.