Do you believe in it’s mid to long term growth potential?

Long term, your property is going to up in value; likely way up.

The tax rate difference from from long term to short term alone won't make it worthwhile in my opinion- add the 401K withdrawal penalty on top.

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

After I fill the last vacancy, the building will generate as much cash flow in one month as its predecessor would have generated in a year.There are so many other stories whose origins are with that same knock on the door, but this one's already long enough.

Often times, you're locked into a years-long relationship.

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

Plan is to hold as long as my IRR is higher than 10% What made you interested in investing in this type of deal?

I am a big proponent of self GCing new construction investments, as long as it is done correctly.

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).