It means a new tenant around once every 1.5 years.

But, I need an estimate for the whole year.

I have seen one bad investment over the years as an agent/investor, and it is easily a home warranty company.

So we're looking at building to rent as a long term investment.We've already done all of the financial side, so that's all set and happy and ready to go when we are.However, all we're hearing right now is that all builders are super-busy and taking jobs 1-2 YEARS in advance.

@Jennaveve St Claire I know this is an old post but I’d be happy to discuss recovery housing with you.

You may ask for a claims letter from their insurance provider for the last 3 years to show any claims they may have / or not made on the property.  

Just be sure and stress test the aggregate performance of old plus new property with additional debt on the old property.  

My realtor suggested offering it amortized over 30 years with a 15 year balloon, as that what she sees her other investors doing: focus on the cash flow, then when the 15 years is up, do a cash out refi, exchange, or sell to move into something bigger or better.

In our budget, we have a contingency of 2 months' worth of mortgage and utilities accounted for.We have another LTR thats been a breeze to manage for over 6 years buts its only 2 adults living in it they have really taken of the home for us...Thank you!

We have a property that we lived in within the past five years that we turned into a rental property.