I just closed a $2M condo on Indian Shores and luckily they did it all last year, but it did cost each unit $50-100k in special assessment.

Why go through all the trouble of sourcing and leasing up rental property only to have your acquisitions be temporary leases and lose out on all appreciation the property experiences while you're operating it. 

Loath to let go of the workers they've been able to hire with great difficulty, businesses are letting temporary workers go and overall work hours decrease due to insufficient demand.

If you have doubts do not go with it is my adviceIt is a lot of money if you have second thoughts rightThere will be other deals in Gulf Shores ALFrankly it is not such that thousand people are waiting in line to buy there:)

I would only rent to friends and family I trust 100% and even then I am probably giving them a break or cutting them some slack because they have a temporary situation.I would really only do it as a favor.

In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.

This tenant must provide a protective order or temporary injunction signed by the judge against the aggressor (co-tenant) of the property in order to terminate the lease without future liability of rent payments.

This would be a temporary solution until I can secure long-term financing.Additionally, I am actively working on improving my credit score.

It's funny you post this, just got a call on a new rental listing I have in an urban area and the person wanted to know if the landlord would consider a tenant with temporary rental assistance.

However no family is going to rent and put someone on a pullout sofa that isn't a temporary guest.