Initially intended as a long term hold How did you find this deal and how did you negotiate it?

Can they prove how long it takes to rent a vacant property?

Initially intended as a long term hold How did you find this deal and how did you negotiate it?

Long story long, our interest rate skyrocketed and when you couple that with declining rents and increasing expenses, distributable cash flow erodes.  

It will take a long time to recoup the cost on a property this size. 

After years of sort of cruising on auto-pilot with a single tenant on a long-term lease, we figure it's time to assess the real value of this longtime family investment in case it might be time to sell.

I don't know how long it would take and I'm not even sure I would get a response so I could be wasting time. 

Yes, tenant management software will save you time in the long run and allow you to scale without difficulty.

Being able to refinance out is just one of the exit strategies and its good to know how long you have to pay on the underlying mortgage to be able to take out the current obligation.

But if you were planning to house hack for a long time there then I’d think it would be a better option then renting.Things id be aware of house hacking anywhere near Boston:-Make sure you pick a town with a decent renting pool-Appreciation will be your best friend, not cash flow-Be prepared to spend on renovations always happy to share my experiences or resources if you want to connect!