It pulled in 600 a room x4...thats 2400 a month and again im living for free!

The tenant's are moving out this summer and I'll be looking for new tenants, however, I'd like to rent out my unit to mid-term tenants while I'm away traveling for months at a time.

The rent potential is 1200$-1500$/month.

If I was to rent it out I would break even or maybe even have a slightly negative monthly cash flow.

Price - $960,000Preferred Lender rate - 5%Rent per unit - $1,700-$1,800 (3 of the 4 units we had leased at close)Unit size - 3bed | 2.5 bath + garageFinancials - 25% down, 5% rate, monthly cash flow roughly $900 

If you rent to someone relatively new in their first ownership venture, the most probable agreement is one calling for a monthly payment with a percentage of the revenue on top.  

I purchased a "mostly" cosmetic fixer upper to live in for the next 12-18 months. 

They'll want your last 2-3 months of bank statements, your IDs, and property information such as insurance.

I would cut the rent in half for that month and than inform them about getting insurance for the future.

There are so many different options and big guys will advise to spend $5000-$25000 per month on marketing to get a steady stream of leads that can close deals.