To make a long story short, my turn, as bidder #131, to pay came at 5:00.

You'll want to understand what kind or notices and documents you need to get executed to either up their rent or turn the unit.Solid long term tenants are worth their weight in gold in my book so if theres a way to up the rent and keep them happy I's say thats the best route personally.

Hey everyone- a friend of mine is looking for feedback/beta users for a tool that calculates the long term cost of any property you're evaluating in minutes. 

Over time, the benefits of house hacking, including potential rent increases and the ability to live affordably while building equity, can far outweigh the initial concern over under-market rents.Keep your focus on the long-term gains, and you'll likely find that house hacking is one of the smartest financial moves you can make.

I would get quoted a couple of different terms from a few lenders.

.), you can legally pay a referral fee on a commercial mortgage loan, as long as the referring source does nothing more than call you with a name and phone number of a prospective borrower.However, if the referral source — say, a commercial real estate broker — starts to negotiate terms (rate, points, term, etc.), then he is working as a commercial mortgage broker.

Usually, in a single-family long-term rental situation, the tenant is paying for all of their own utilities.

I am interested to here from short term lenders - bridge loans etc about what software or processes you currently use to manage your loan book. 

She will need a specialized insurance policy for short term rentals.

I'd also say it's not a problem to work with listing agents directly, as long as you know what you are doing - knowing the value well, having a good idea of the rent and class of neighborhood, etc.