.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

I would also agree a business is much better for cashflow (stabilized, operating well, for on going CF).Real estate does cashflow well but it wasnt overnight and requires many units stabilized and maintained to keep cashflowing regularly.

I think this site may be geared a bit more toward the avid investor, rather that the weekend warrior type of investors with regular, RE carriersOn the other hand, for myself, watching the RE market is enjoyable for me.I have always attended open houses just to be nosey or nerdy, whichever you prefer. 

It's worth comparing terms between your current lender and others to see who offers the best deal in terms of rates and fees.Purchasing a Property: Whether you purchase through regular listings, an agent, or an auction depends on your risk tolerance and expertise.

I remember after the GFC reno planners wanted to attract more regular businesses and get away from gaming.Great thread, thanks 

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

But a lot of bank employees, real estate agents and regular people don't know it or they just don't believe it.

I assume 15% of the rent for regular repairs and capital expenses (roof, furnace, windows etc.) and 5 % of the rent for vacancies.

.: @Edward Toomey V and @Tyson Jones What I like about RentRedi is that they have a live webinar regularly.

You should treat it as a luxury package rather than regular STR.