I'm also contemplating offering a 20-month lease, though I worry it might seem daunting to the tenant.

In this area, people usually rent for 1-12 months, and the rent is 30-50% higher than unfurnished LTR.

We were overseas in Okinawa.... and I don't know anyone who bought... there might have been, but I only knew renters (and we had to pay in cash monthly... that was a pain!). 

We currently own two rental properties (details below) and are ourselves renting a place to live in ($2350/month).

I'm considering two investment options and am torn between them:Building an ADU in Berkeley: I have the opportunity to build a 316 sqft ADU in Berkeley, CA, which I could rent out for around $2,000 a month.

I have a tenant who hasn't paid rent for the past two months.

Would you give her a chance or would you repost the property, spend more time interviewing potential candidates, and possibly miss a month rent.

It seems like selling and renting is the biggest wealth builder in the end Rent in a lower cost area with a lower monthly payment and use the difference gained  to invest in the stock market ( which would yield around 8 percent) Keep the primary and hold it long term ( average appreciation in california from what I could see is about 5 to 6 percent if you look back in time Keep it as long term rental ,it would rent for $3800 current mortgage is 6150 $ - doesnt seem smart to me Let me know if you need any more details in order for you to give me a better answer or insights 

Separately I have a non paying tenant I am evicting which will cost me c10 months rent but that is another story and buyer beware in dealing with NYC tenancy and housing laws - advice is hire a lawyer from day one of nonpayment.Two questions for the forum:1.

He does this for mine for a low flat monthly fee and he really helps fill up the weekdays/off seasons and optimize booking revenue during the peak times.