After talking to some, I find that they often don't want to commit to longer stays until they've been there and decided if they like it so having the ability to rent month to month gives them the security to try it out.

You cannot simply close with buyer (like all gurus say) then turn around and pay seller then transfer title to buyer- That is ILEGAL A way around this in case you cannot get transactional funding - Have your closing attorney draw up a Promissory not in submission to the buyer in which you will secure your equitable interest within the contract to the buyer...

Higher cash flow usually comes from properties that require more "hands-on" management due to the condition, location, and tenant base.

Saint Johns is A-location, and when buying long term you may count on appreciation, great return, and minimum tenant turnover.

Pennsylvania located.

Even better is if you come to them with a personal financial statement, a debt schedule, and a business plan for the purchase (if you haven't identified a property, then what size, location, price you are looking for).

It is certainly a possibility, but I wouldn't say it probably will happen.This depends on so many variables that are mostly controllable based on proper market research such as a quality property in a great location with great amenities.

It was the right price at the right time in the right location for the renter.

I'm located in Florida.

But Harrison wasn't one of the location options.