If it is well located make it a short term rental.

And when you look back, you'll realize that you lost even more because of low rents, the amount of time and effort you spent dealing with them, and they are likely to leave you with more expenses once they finally get out.Save yourself the heartache.

Purchase price: $674,000 Cash invested: $134,000 Long term rental purchased in area that is under development and predicted to rise in value over the next 5 years - 2br 2bth

@Robb AlmyHere is what struck me“In total, 224 investors who own short-term or long-term single-family, condo, or townhome rental properties completed the survey.

Fast forward a bit and now I'm busy converting all of my long term portfolio into short term as they become available.

I currently have 20+ units that serve short-term, mid-term, and long-term rentals.

I am planning to keep the property long term.

For example, I know that Lima One will waive a property's seasoning period if you use them for both the initial hard money loan and the longer-term DSCR loan.

This contract outlines the terms of the sale, such as the purchase price, any contingencies, and the closing date.Ensure the contract clearly specifies that it is assignable.

-As to rent payment, in Florida, a tenant would either owe liquidated damages (as stated in the lease or would owe rent that accrues during the lease term until such time as the landlord is able to re-rent the property on their account.