We've also had good luck with mid-term (30 day+) rentals from corporate renters, snowbirds, etc. 

Little dicey for my primary but that area is going to see really good growth in the mid-term.I will ask for another 60 seconds of your attention and this is the most important.

I would say mid 6% would be more likely however you should be able to get up to  80% LTV if the mid FICO is 740 75% LTV at the least 

I asked my prospective PM if I could accompany him on mid-term inspection and he said, "No."  

I ran the numbers on my own property and it would never EVER rent using the 1% rule unless I found someone desperate or who did no research, however, it would STILL CASHFLOW at mid to high market rates.

If you close mid month, the seller gives you a prorated amount of the rent.  

When I travel to the Quote un Quote cash flow markets of the mid west and rust belt you can see how industry came and then died.. its taken 20 to 50 years for many of these cities to stabilize and regentrify and you can see the boneyards of massive industrial complexs that were mothballed.. 

Typically sheet metal sides and back and in rural to weak suburban mid-block locations. 

Just change your language in the future.out in the mid west deep south most of the bigger landlords I know out there all take NON Refundable deposits up front they never take deposits that are to be refunded.. its usually 500 to 1000 and always non refundable.. tenant knows they are not getting it back so there are no squabbles at the end of the term. 

I know out east and mid west its common for buyer and seller to show up at a closing together.. we don't do that ever on the west coast ..