Hi everyone, I've been in my home for 3 years now and I'm looking to purchase a new home and convert my current property to a long term rental.

You should verify this with official HUD documentation or through a HUD-approved lender.Term Until 2051:The mention of the loan term extending to 2051 or until the property is sold or refinanced suggests these could be loans with a long-term structure or special conditions.

A bit long on the payback but add in any value increase to the property from doing it, including its increased attractiveness to condo conversion down the line, immediately better cap rate, etc...and it could be worth it.  

Sometimes owners lock in long leases at cheap rents because they are emotionally attached to the tenants.

Meeting them face-to-face goes a long way in establishing trust and credibility.As you engage with investors, it's essential to build and nurture your investor list.

As long as the amount of segregated 1245 property in the replacement property is fundamentally equivalent in amount and nature to that of the relinquished property.

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

After scouring the market, I was able to get large builder financing and discount incentives that allowed me to buy the property at below retail price and get good financing terms.

I specialize in BTR duplexes in Indianapolis, and I’ve found that local connections are invaluable when assessing markets, especially for long-term strategies.Learn from Real Deals: As you move forward, it’s helpful to analyze real deals, even if you’re not ready to buy yet.

The video is about 38 minutes long and I am not going to keep writing a post that takes 38 minutes to talk about.