As a new investor, you should be looking to put together a strong, experienced team to help you side step any landmines you are bound to run into.

A lot of jurisdictions are backed up, especially large metro regions.Evictions are very rare, if you use strong screening criteria.

Carrying costs in purchase and or rehab is financed, cost of capital on refi, re-recording, title, updated insurance, etc. their are many costs at play after initial funding then to transition long term unless your straight cash on the front end.

Partner Driven saw the Benton St property as an opportunity to achieve a high return with minimal initial investment, focusing on its high potential in the Pleasant Hill market.

I no longer offer them, We were going to initially get 11 sets, we soon discovered it wasn’t worth it.

b) I was initially thinking short-term rental, which is where that surge of requests came from but it feels like a lot of work as I would be doing the turns/cleaning for most part so what are the pros-cons of mid-term? 

With respect to hiring a PM, I respectfully but very strongly disagree.

With the sale leaseback ensuring income immediately, plus your plan to generate additional NOI through the storage yard or expansion, the numbers look strong.

In the past, we have heard you need to have a larger portfolio to report to the bureaus, but even if you could I would strongly recommend against it.

Insurance placement guests tend to be very last minute, often will want to sign an initial 30-day contract and then the amount of time they will extend is very unpredictable but can sometimes be upwards of 9 months.