Investment Info:Townhouse buy & hold investment.

Pref is generally a shorter term than common equity, which means you need to have a way to redeem it out.

Only choose landlord friendly states for long term holds.

I have a long term tenant moving out of a property in January.

Recency bias gives greater importance to the most recent event, such as the final lawyer's closing argument a jury hears before being dismissed to deliberate.In 2021 and 2022, recency fallacy told us "keep buying short term rentals, because they have been going up and will continue to do so.  

Is Salisbury, NC a Good Place for MTR/Long-Term Investing? 

Will you rent your house for short term rental arbitrage?

What is the prevailing cap rate in the market for this asset class and make sure that the reversion/exit cap rate is half a percent at least increase bc you're assuming that you're selling it in a junker market.Loan Terms & Exit Strategy:Verify the loan terms (e.g., 3+1+1 extension structure).Confirm if the deal involves bridge loans or fixed-rate, long-term agency financing.Assess if the extension options are realistic based on the current and projected market conditions.

Hi @Shawn C - I can't speak to CA specifically because I am in CO but I use Steadily for insurance for house-hack and mid term rentals.

Hold?