I like the idea of a month to month lease leaving me with some flexibility, I hadn't thought of that.

A hands on guy might want to do it himself so we are flexible.  

Reading here and doing research is the only reason I’m confident enough to consider getting into rental properties (and hopefully build long-term wealth).I have found a property that I’m interested in and I’m curious to hear if you more seasoned investors would go for it.I know it’s impossible to know online, but I’ll give you everything I know: 2 Flat – both 2 bed/ 1 bathListed at $119k, realtor indicated that there’d be some flexibility so I’m hoping to get it under $110k.Estimated Rehab $15k (I’m going to firm this up significantly before closing).Rentometer says fair rent is $900/unit.My gut knowing the area is that $700-$750/unit is a safer estimate.Taxes of $4,600Tenants would pay utilities, but I’d probably hire a lawn cutting/snow shoveling crew.Visibly looks like a single family and surrounded by other SFH on quiet street near pretty good schools.A partner and I are able to put down 25% and pay rehab costs up front.It’s in an older, but relatively stable southwest suburb of Chicago.Taxes suck in this town, but otherwise it’s an appealing town for me to be in.If anyone has thoughts I’d love to hear them.

Unfortunately I just don't know how in the world I would fit REI into my own schedule let alone be flexible enough to accomodate the schedule of someone so generous to open his/hers to me.

It's easy to work with for people who want to get up and running out of the gate and it's flexible enough for experienced site builders and "SEO'ers" to really be able to get additional power out of it.Definitely worth the money (in my opinion); I have no connection with IC, in fact, we are "friendly competitors" in some area... but, the facts are the facts!!!

As for me...I have great credit (800 fico) but little cash (about $40k) Owners are flexible though and may carry much of the downpayment.

In the upcoming scenario, 3 of the 4 units in a 4plex will all be vacated and re-occupied in literally a 10min-2 hour period. 2 of these units will be vacated and re-occupied by people already living at the building, who are switching units, with some flexibility because I am accommodating their desired unit (and one is my handyman, so more flexibility there).

My business model was such that it is a pretty automated process, so that I would have flexibility to put full efforts into my professional career (I was a Director at a wireless OEM).NOW my priorities have shifted.

This means they have much more flexibility than other lenders on ratios and other loan terms.

First a little context:- I've been investing in US real estate for around 5 years now, primarily flipping with a local JV partner (/ service provider: he takes a fee for service and is compensated based on the success of each deal, but does not take an equity position)- More recently I've become interested in buy-and-hold - for a range of reasons, but primarily because I have recently discovered it should be possible for me to get quite a large amount of leverage (I'm a US citizen living overseas, so initially found that quite difficult, but seem to have found at least a couple of lenders who will work with me)- As such I am now focused on building up as large a portfolio as I can - to maximize the amount of principal paydown being done by tenants on my mortgages and to leverage the flexibility my employment income gives me as much as possible.