Even if you can cashflow as a short term you have to have an exit strategy in case things go south.

I think most would disagree with the 15 year strategy but if you can afford it, its not a bad plan to build up some equity.

What do you think of my initial and long-term strategy?

Hi BP,I am looking for any recommended RE / Fair Housing lawyers in Santa Clara County, CA area to assist with tenant/utility issue and write up a few custom lease addendums.  

Currently us at Landmark Property Management use over 75 different listing sites as our main marketing strategy.

The agent initially shared a strategy to price low and let the demand drive the price alternatively they also suggested that they can market to their select clientele and sell it off market.

And then stay focused on your strategy.

If its a primary home they can go higher but in a slow market 3% to 4% is common and if they are not coming in at full ask usually the seller offers 1-2% which is fair.The buyer must have an unexperienced Loan officer because you should always know what your customer needs prior to sending them a pre-approval letter or allowing them to go into contract.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

As @Nicole Heasley started, you have to be very strategic and have an exit strategy in place before the interest kicks in.