I live in Auburn Alabama and the market here is pretty crazy so I have been looking at surrounding cities like Montgomery and Birmingham that are bigger and more affordable.I know that the typical down payment someone’s needs for commercial is 25% so short of me getting seller financing, or a partner, or some other creative finance path my purchase power leads me towards properties that are typically in lower income areas- at least for the ones I’ve spotted. (200K ish) I’ve listened to pretty much every podcast multiple times and often hear people saying that when they begin they focus more on cash flow and as they grow they look more towards appreciation opportunities.

There are certain factors in making that decision and I can give you my input which would be better via a short conversation!

They are still short $150 rent money so I continue with the eviction.

Short amort on this one still has a debt service coverage ratio of 1.25 at $1100 per month and jumps to 1.82 at $1600 per month. 

Short Term Project Long Term Project Lower Points Higher Points Higher Note Rate Lower Note Rate Here is an example for a standard fix and flip loan with a 12-month term.

Long atory short these are the type of tenants we all dream of.

And even though he doesn't have to, he's still out there busting it out (@Frank Wolter, you need to take it easy a bit, brother - life is short and dollars are fleeting ;)  ). 

Just google New Orleans short term rentals and you will see how crazy it all is. 

Extended stay would be something like corporate visitors looking for a short term rental.Yes, we'd like to break even, get to use it a little each year hopefully, and one day retire to that property.

Just a few short months ago, my 2 partners and I created an LLC for the purpose purchasing buy and hold rental properties.