Hi Lawrence, Here's my short advice check Due Diligence, Understand Owner Financing Terms, Seek Professional Guidance, Market Research, Financial Analysis, Risk Management, Long-Term Vision.

I am planning to keep the property long term.

Behind Tee box or Behind the Green rare is the golfer that goes long over the  green..

@Robb AlmyHere is what struck me“In total, 224 investors who own short-term or long-term single-family, condo, or townhome rental properties completed the survey.

I don't know anyone who does such development projects without "rubber-stamp-approval" in pocket long before actual submittal for approvals.

House hacking is essentially the cheat code to get started into real estate investing.Generally done by utilizing FHA loans and 2-4 unit properties.Basically, buy a primary residence, live in it or one of the units for 12 months, move out buy again and do it all over again.Each time you can utilize fha as long as you refi the former before you use it again.Great way to buy a lot of properties with low entry cost!

Real wealth comes from holding real estate a long, long time.2.

If you have a few years of revenue for the EIN, if the books are clean you'll be able to get a mortgage as long as the revenue supports the loan.

As long as it is in your house rules and you have evidence of them staying later, Airbnb will pay you out.

I can share dozens of other stories of various real estate related "surprises" and "adventures" that I have been a part of over the last 13 years as I worked to grow my portfolio from that one duplex to just over 160 rental units today, but I think this post is long enough already!