Often the term length can be much shorter, and you might actually have to put more money down compared to conventional financing. 

Given the length of the foreclosure process, I don't expect to find anything but month-to-month in place.5.

Honestly given the length of occupancy I'd expect to spend $10K or more to update these units.

Valuable tips here that can be used over an over to eliminate headaches and save $.I’ll add:-Due to the length & legal wording on my lease, I did up a parallel simply worded one for when we do signings.

It's also a good idea to have a clause in the rental agreement that clarifies "guests" and "visitors", so you can limit the length of time that a person can stay before they become unauthorized occupants.

If I spent 50 hours per property, that's still like no time at all compared to the length of ownership, cash flow, and financial gain.

,As Sam mentioned, the length of your credit history is a determining factor in underwriting.

Length of stay doesn't necessarily determine wear-and-tear.What makes you think they will stick around for 10 years?

@Jay Hinrichs  it’s only fraud if you sign an arm’s-length agreement stating you will not do it.

If the loan is using the property as collateral (lienable), then the longer I have to pay it back (# 1 requirement) and the lower the interest rate (#2), the better I'll like it.If the loan is not lienable, as in non-collateralized, I don't care about the interest rate (other than it must be simple interest, interest only payments)...just the length of the loan...and the longer the better.  10% interest over 20 years is my standard.