Funny you would ask... was just talking to my partner last night about a project he became aware of... in the yuppie north burbs of our town, people are doing high end refurbs of small condos and renting them as extended stay locations for executives.

Definitely consider SJREIA We have in excess of 400 members and extend from South Jersey up to central NJ.

Shuai Zeng, I plan to owner occupy, but I don't want to for an extended period of time, like 5 years.

Sorry for the novice question, but I just want to be sure I don't miss any steps...Also Michael Buie and Patrick Jackson, thanks for the welcome and I extend my welcome to you as well Michael...I'm loving this sitePaul

I would imagine that could be a competitive disadvantage if the tenant wants the security of an extended lease.

Balloon payments would not be allowed in any rural area identified as being underserved by institutional insured lenders.Notes may not be modified over the term except to extend the amortized period for the length of time beyond 6 months for the same period of any default.

The duration was less than 12 months and the money was back in the account.

Under that arrangement I would not be responsible for outside improvements or air conditioning or heating mechanicals, and if I were, than those items that make an improvement or extend the use of the property, I'd want to be applied to the purchase price.

Steve MightIf your eaves troughs are constantly overflowing, check the following:a) Are the troughs and downspouts clear of leaves and other debris {If you do not have a "leaf guard" / debris screen over the top opening of your eaves trough, now may be the time to add one};b) Are the troughs properly sloped towards the downspouts {with ages and winter damage, the often sag in the middle, so the water does not flow to the downspout};c) Are the troughs the correct size ... based on roof size and rainfall events {which are becoming more extreme}, perhaps your troughs and downspouts are simply being overrun and you should be increasing the size to 5 or 6";d) Are the troughs correctly mounted under drip edge of your roof ... it is not uncommon to see the edge of the roofing extend 50% or more of the way across the eaves trough - this will increase the likelihood of overrun;e) Do the downspouts drain to the drain tile or sewer line {this once common practice should be avoided for multiple reasons};f) Do the downspouts divert the water away from the foundation {this is unrelated to the troughs being overrun, but will be a cause of damage}.

I always enjoy your feedback :)Also, I'd like to extend a BIG thank you to Justin Silverio as I was able to pick his brain about wholesaling and he provided me with some invaluable insight that will help me progress.