Given that the lease agreement had a 30 day notice period clause, I asked when the tenant was going to move out.

Second - a DSCR 30 year fixed perm loan to refi the hard money loan and hold onto long term.What others have replied to is completely accurate - it is hard to accomplish BRRRRs right now due to the DSCR refi constraints (interest rates, LTVs and seasoning periods), however, not impossible.

They do not send periodic updates and you have to keep asking them for an update every month.

You are right about the risk that comes with the holding period but in my opinion sometimes you have to take the risk and make sure the profit that you generate is higher than the costs that you paid by holding the deal for a specific amount of time.

Make use of the 6 month period, don't commit until you're ready to spend the time. 

Its one of the few where the low periods are nowhere near as slow as others.

. - not recommended if you flip properties: no correct as in you are not even allowed to depreciate flipCost segregation accelerates depreciation by breaking down a property into components with shorter depreciation periods, significantly reducing taxable income in the early years.

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

Investors normally get there payments on time, most of the tenants stay for long periods of time because if they move it is a hassle for them, and since section 8 requires that the property stay in certain condition it will help keep the maintenance costs down. 

However, i am unsure those requirements extend to the OTAs.