The Port of Mobile signed a contract with an International Vehicle Shipping company out of Chile where the port will be used to send vehicles through the port into the states and will be used by Alabama auto manufacturers to ship vehicles out to international markets.

You do not prioritise "giving tenants a chance" ahead of your business.

Plus when they go for financing they have to include HOA into those documents, might as well get them use to it ahead of time.

Also a heads up to everyone, we have a 12 unit and 4 single family homes (side by side) as a contract to assign.

If your rate adjusts higher in 7 years, you have to weigh that against your short term gains from the lower interest rate and figure out the time differential, which is to say how long past the adjustment you are still technically ahead of where you would be with a fixed rate.

The big companies see everything, are constantly evolving to stay ahead of the curve. 

In Canada we aren't allowed legally to take a deposit for potential damages, instead we take first and last months rent ahead of every lease . 

However mapleton fall creek isn’t that, so you are ahead of the game already.

Go ahead and destroy the cash flow completely on the one you plan to hold. 

This single family home will need about 60K in rehab and presently are looking for loan vehicles to make needed repairs to put home on market.