Is it for a shorter length term than the normal 30 yr?

Debt analysis, the profit grossly changed from $21,836 to -$3,559 depending on the cost of Debt and the length of time to exit.

The ones buying OOS that I've talked to at length have been mostly Indianapolis metro area (where my OOS properties are) - someone wanting to buy in Texas wouldn't be talking to me for an hour long conversation.

I look at average length of time for bookings by season and try to stay within that space.  

I’d like to add that it’s also landlord-friendly—licensing is not required and there aren’t any rent control laws in the state.Likewise, both Greg and Eric have already spoken at length about Montgomery, but I want to draw your attention to a few other under-the-radar markets in the state that also have the potential to cash flow well.The places I had in mind include suburbs outside of Huntsville proper, like Decatur and Hartselle.

The length of the term impacts the rate.

Some will require you to pay the interest through the term or another length no matter how long you hold the loan.

If it's salaried W2 with an arms-length employer and you have at least two years of work history, then this will be the best for conforming loans.

Reducing rent sets a precedent and can attract price-sensitive tenants rather than those prioritizing quality.Negotiating renewal terms can make sense if tied to benefits like lease length or tenant stability, but always ensure it aligns with your long-term goals.

For example, the length of loan can be extended; or the interest rate reduced.