For apartments we've always used the initial lease period of 12 months then after that tenancy reverts to month-to-month.I'll add a con to Dana Dunford's list in that if the tenant is locked into a lease, it becomes more difficult to evict.

Dana

@Brandon Hall @Dana Whicker @Wayne Brooks Thank you much!

@Danae Aballi I'm from the San Gabriel Valley but looking to invest in San Bernardino/Riverside County (specifically in Rialto, Colton area).

Good Investing...Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda

@Dana Whicker @John Thedford Just starting trouble...what's your experience with using this as a strategy to acquire properties...and what type of investment do you typically acquire?...

@Dana Hoffmann thanks for detailing your process!

You are 100% correct Dana.

I called 11 Capital Finance about this JV Rehab loan and started working with a lady named Dana. 

Dana