Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

lol.Yeah, it sounds great if people can actually pull it off and there are avenues to get it done.

Hi Jada and Welcome,I believe in coaching for some people and not for others.

Given that many people have said the average price to build in California is $200 and above per square foot, I became worried.Do you think building a 2-bedroom, 1-bathroom home measuring 550 sqft is feasible at this cost?

Hey BP people, I created a spreadsheet to help underwrite and analyze airbnb and short term rentals. 

After all that, you need a marketing strategy to bring in qualified leads. 

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

They told me that they like to lend to people with solid experience.

Most people prefer a detached property with some land on it because they're easier to resell than a duplex one.

Since you'd be looking to hold this property long term, look at what the property's cash flow and appreciation would potentially be 5-10 years down the road to help inform your decision.All that being said, if you feel confident that you can cover the maintenance, capex, vacancy loss, turn expenses, and leasing costs for a few years while you wait for the cash flow to improve, and you have enough risk tolerance to handle a potentially difficult tenant in the first few months which could lead to zero rent coming in during that transition to getting a new tenant in place, then it sounds like a solid deal to get into with $0 down.Lastly, I'll also caveat all of my statements above by mentioning that this all requires you to self-manage the property.