If you’ll PM I can provide an executive summary on a $3.6 M self storage development I have underway in Austin.

They aren't simple to execute, you really need experience in the qualified contract process to facilitate the market rate conversion.

The SFR was bought & paid for from the rental income of a local company who rented it (& rehabbed it @ their expense) for their executives for about 8 years, now we rent it exclusively to the incoming Coast Guard Chiefs (14th year). 

and "Hey Account Executive, I see your posted turntimes and want to send you this, but we need it out of underwriting within 6 days.

You are the concierge, housekeeping, maintenance, repairman, marketing executive, tour guide, accountant, and host; to name a few things. 

This is your chance to explain your ideas and request that the Council direct staff to place the item on a future agenda for consideration.

Awesome method and fairly simple to execute just need the right deal and numbers ahead of going all in.

@Bradley Scruggs sometimes a lender will also look favorably on new landlords taking some kind of class for first time landlords.Rhode Island Housing is one such lender but their classes for landlords are actually done through Housing Network RI so I believe they’re open to the public.Just be aware, of course, that when a class is free or very inexpensive, whoever is offering the class, paying for the staff and space, etc. may have a bias or agenda they push in exchange for the free or low cost class (in the case of RI Housing / Housing Network RI, they strongly encourage new landlords to enroll in HAP / Section 8).There’s nothing inherently wrong with that, but it makes it easier if you know to expect that going in :)

I host a monthly meetup in Miami and we have a few investors that have already executed this same strategy.

I have seen many "threat" letters from banks, even, but have yet to see a single bank execute the Due on Sale Clause against a performing note even once...The most common strategy to avoid the situation entirely would be to use a Land Trust.