Honestly, RE investing wasn't something I was looking to get into within the next decade, but due to circumstances that possibility is on the table with this property.I'm not thrilled about the idea of being a landlord, especially a long distance one...but I'm not 100% against it. 

Rents together are: 2945k/month for LTRMarket rents after minor reno: 3400 for LTRCan mid-term rent these as well: 4800 for MTR/STR hybridReno: 5-10kSeller wants 60k (his perceived equity) in 2years, nothing down and no monthly payment.Seller wants a chunk in 2 years b/c he wants to start a new venture.  5 years doesn't interest him and I am not thrilled with monthly payments b/c there will be much transition. 

As a borrower who has already maxed out the number of conventional loans allowed, I am thrilled to have another option for borrowing on investment properties.

However, I suspect your roommates will not be thrilled at subsidizing your rent if the only thing you are providing is the person who found the unit and signed the lease.

I'm thrilled to have discovered BiggerPockets after almost falling for a guru pitch.

Hi,I am thrilled to be here.

I've gotten some great advice so far and am thrilled to have you all as a resource.

I am very happy with my office and the other tenants are thrilled as the other buyer wanted everyone out as soon as their lease was up. 

My name is Danyal and I am so thrilled to be part of a forum with people from different backgrounds yet w/ like minded goals!

Inherited tenants tend to not be thrilled with having a new landlord, and if your overall goal is to keep the tenant, I would give them at least a 60-day notice of the increase.