I’m sure I’m going to be criticised about my choices but that’s ok.I had to buy a commercial premises for an investor visa.

@Ryan Daigle that would be incredible!

As @Ryan Daigle points out, there are the complicating factors of depreciation and depreciation recapture, of course.

@Melanie HartmannYou've received a pretty detailed response from @Ryan Daigle.

Hi @Ryan Gandy, new real estate investor here!

Whatever the situation, opt for longterm renters when the choice is available.

Your business, so your choice on how to handle cancellations.

I'd guess so - I got mine funded in Sept 2017- I had 3 choices from the lender -- 3 yr rate lock, then adjustable, (either 5 or 7 yr rate lock) then adjustable or fixed for the life of the loan (25 yrs)5% at that time was what they were willing to do for the 3yrs, 6.75% was what they were willing to do for fixed for the life of the loan - they were one of the larger SBA lenders Id presume and kept it in house.

Then run your profit projections and make a choice.

If your investments can't support the price of someone else doing the work then they may not have been the best choices for passive investments.If you are just starting out and are trying to maximize the cash flow to get established then I can understand that.Apartment complexes have a higher turnover.