Many investors use a general rule of thumb for midterm rentals that they should earn about 50% more in rents than an equivalent long-term rental (whereas short-term rentals should earn double or 100% more than if the property was utilized as a long-term rental).However, for DSCR lenders, change can be slow and challenging, and many lenders prefer and require more precise qualification measures than rules of thumb.

There is a $30/stay fee and $5/vehicle registration fee, so you’ll want to either search for value to keep the mortgage low, or better yet, aim for a unique home that you can further spice with interior design.#6 Locust Lake Village - Pocono LakeLocust Lake Village quickly became one of our team’s favorite locations in the Poconos.

It is precisely because of mentoring programs that teach strategies and techniques to people who do not have any grasp of the three afore mentioned fundamentals that we have such a mess with “wholesaling” and “subject to” that governmental authorities are figuring ways to heavily regulate or outright ban these activities in the residential real estate field. 

@Matthew Irish-Jones I thought I had to reach precisely 30 sub $100K houses that meet the 1% rule which will equate to $250 in consistent cash flow each month per house.

Your tenant is only allowed to withhold rent when specific requirements are met, and they must do so in a very precise manner.

Many investors never bother to understand precisely how a passive investment will work. 

Normal wear and tear refers to deterioration over time from ordinary use, but damage like a large oil stain in the driveway from a vehicle is preventable and would fall under tenant responsibility.

Helocs are not great long term debt vehicles.

It's been challenging to say the least, but the rewards have been better than any other investment vehicle I'm aware of.

But now you are not talking about real estate as an investment, but rather a vehicle which you are building a business around.And lastly, we are still at historically high prices.