The part that I am having trouble with is long term equity. 

I would not especially if it’s a long term holdLastly if cash flow is negative they pitch in ?

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

How long will it require to implement your business plan and rent / stabilize the property? 

For how long do you plan to hold?

If I self manage(which was what I was planning) it could turn out a big headache) there are a lot of condos for sale which is a bit alarming as well.I would be self managing from California so that’s long distance management and may consist of many flights taking care of any necessities.Why can’t this be an easier decision lol good luck!

I learned that a long time ago in an LTR.  

It was under my metric but the property was right next door to another property I own so I figured certain maintenance issues could be lumped together for economies of scale making it a better deal in the long run.

Is it like long term hold and wait approach ?

Can a 25 foot long 6"x4"x.210" 6061 aluminum association I-beam can span a distance of 24 feet?