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

Are you simply assigning the current lease (1 year left) or are you writing an extension for a longer term beyond the one year in addition to the assignment?

The returns I've seen as far as cash flow are decent, but what attracted me are the typical long term leases with rent escalations every year.

Hey BP community,We just bought our first property that we plan to use for short term rentals. 

With that being said it probably makes the most sense to look at long term rental options.

As long as this already hasn't been done multiple times.

I plan to use this investment property as a self-managed short term rental (STR) to generate cash flow.

Do you have other things you can recommend in terms of foreclosure properties?

Embrace the challenges and celebrate your successes, no matter how small they may seem.

After years of service, I'm diving into my second career focused on real estate investment, I have a particular interest in flips and short term rentals.I'm also a licensed real estate agent in Washington and have a strong drive to succeed in this field.