The other lesson I learned is that the right fit for me in this investing process is to long term hold the properties I purchase, rather than flip them, unless market conditions are so good that flipping makes sense.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.

I have a Condo In the area and want to rent out for 6 month terms.

I was not aware that insurance companies could void coverage for this issue.

I think the medium term rental strategy would work well here.

The performas given over and assurances by sales and marketing team of Krystal, Paul, Ross is misleading as they talk about section 8 tenants and then high sale point is that tenants are long term sitting and have been making payments.

I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average. 

Plan for the Future: Make sure the home can accommodate your long-term plans.6.

I guess I'll see if I made a good deal or not in order for this to work.Blanca,Yes, you could take a HELOC for the remaining repairs, or refinance into a bridge loan and get some capital back to make those repairs, and then refinance into the long term loan that you are looking for. 

I’m also in San Antonio and I am a property manager for short and mid-term rentals.