How long can you weather a storm?

If you decide to take the partnership from a trial, to an ongoing long-term partnership, then get the attorneys involved and create an ironclad, partnership. 

Mashvisor – Helps compare long-term vs. short-term rental potential, especially useful if you’re weighing both options. 4.

@Krystal Lozano,Building a portfolio to a 6 figure is definitely a long game. 

REI is a long-term venture; if you cannot hold this will be a very difficult process.  

I was imagining responsible car-free tenants, as I was one myself for a long time. 

Honestly with an interest rate like that you could even not pay off your primary and put any excess capital in a high yields savings account and be financially further in the long term.  

I have a variety of contacts and I'm pretty sure I can get in touch with destressed property owners long before auction day (years before auction day actually).

In that scenario - I would worry that our long term renters would not like that strangers are walking up their steps and entering the doorway 5ft from their front door every weekend. 

If it takes you two months two find a tenant willing to pay $1,700, then you'll still basically break even in the long run - the net to you is the same.