You can "edit" your post for the first 15 minutes and then the "edit" button (top right of your message) turns into an "update" button where you can add additional info, corrections, retractions, whatever to the post.

His agreements to produce websites, venture plans, private placement memorandums, white papers and coaching give him zero liability or responsibility to honor his commitments.

If its a direct lender, you might be able to pull off a 10 day close if its a smaller lender that has very quick underwriting turn times.

With the extra cash flow, you could strive to acquire additional income-producing properties over time.

Say you need a new roof, or a new boiler at year 28 of ownership......does this turn into repairs/maintenance? 

Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success! 

At one point they fell behind by $2100 but has since caught up and paid me but did not pay the electric bill and it was turned off.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent. 

From the Great Recession to Q1 2022 it was easy to find RE that seemed very likely to produce outstanding return.