The best investment I ever made was a long-listed property... put just enough down to get the agent paid and the owner financed the balance for 30 years.

HI Shana,It really comes down to what your long term goal on investing real estate.

Right now I am trying to stress to everyone that they need to be able to afford a property based on the long term rental potential even if the plan is to use it as a STR.

Takes a long time usually and it's a pain, but you can often get the property before it hits the market if you can find owners with distressed loans.

Why do you think purchase contracts are so long and have such small print?

I asked the servicer if I would be able to assume another in the future and I was told this would not be an issue as long as I qualified financially!

How do I navigate the processes and find the right approach to adopt for achieving my goal of generating an income and preserving wealth in the long term.

You are a beginner in REI – so get started first, accumulate some equity, get some serious cashflow going, get some experience with managing real estate, figure out you want to do this long term…and then worry about how to layer an LLC cake.

If they don't want to sign, then they just leave when the lease is up.If the other two qualify on their own, then let them sign and ask her to sign stating that she is a long term guest of the couple and if they leave, she must leave as well.

We're based in Orlando, manage long-term rentals 1-80 units, and own/manage 48 units ourselves, so we know what it's like to be an owner and a manager.