Longer leases will not allow you to raise the rent when you want to, as you are locked in with your current rent for the duration of the lease.Month-to-Month is our preference.  

I think one of the biggest mistakes investors can make is not matching the duration of their investments with the duration of their financing.

For the leases starting in September through January the duration will be less than 12 months.

@Jeremy L is right, it depends on your area and not the duration of the listing.

That seemed too short at duration to see tax benefits.

Looks like there is only @4 years left on the loan.Doing Subject 2 either someone will have to rent it for 700 and then write a check for $1,000 (i.e. take a hit for the duration of the loan).If someone bought for 60k with a loan, and financed 60k at 5% the payment would be $494.

Eg:Effective ways to look for properties (MLS, Realtor.com, Redfin etc.)How to analyze an investment home (2% rule, 50% rule etc.)Steps in engaging with a hard money lender (paperwork required to be signed on, usual values for points and duration of loans etc)Steps involved in rehabbingSteps involved in putting a tenant on the rehabbed property etc.My idea is to make a kind of flowchart that I can use as a guide through the different steps in evaluating the property to the final stages of putting a tenant in the property.I'm located in Farmington, MI and would even be glad to discuss this over lunch or dinner if there are any members that would want to meet and help fill in the gaps.Best,Sid

How can occupancy affect acquisition costs (both monetary and duration)?

Account Closed @Brit Foshee I was just referring to the shortened duration of receipt of the agent's commissions if he were able to avoid the traditional lending process.

With that in mind I went down to Sherwin Williams and priced out their Duration and Super Paint.