Tenant Base - Contractors, NNN lease structure, 2-5 years lease term

If I was in your position I would look to air bnb or VRBO the property you purchase in San Diego this way you will have less negative cash flow than if you were to rent it out to a long term tenant. 

It currently is tenant occupied until October 2024 and after they move out I plan to use as a short term rental.

I'm particularly passionate about Mid-term and Long-term Rentals.Outside of real estate, I enjoy reading and going to concerts.Excited to learn and connect with you all!

We would like to start building our portfolio with a long term rental, preferably a duplex, using a property manager.

I have a deal in my hands of 7 mobile homes all on separate .25 acre lots and all rented out to long term tenants.

I’ve started off with buying equity in a new build that cash flows as a mid term rental.

The partner in question has multiple times the loan amount in his bank accounts/liquid assets.You should definitely be able to find other options with more competitive terms.

Are these attractive terms for a housing market that appreciates on average 6%?

So the long term average will be more important, but you will not know that for awhile.