It was an interesting experiment.She stayed 13 yrs and when she moved it really was trashed.

I can get a lower interest rate at 15 yrs, but the monthly payment will still be a little higher than what I can rent the place for.

But wait three of four years fro now when the 30 yrs fixed rate is 10.5% or 12% and people will try to pull that trick buying property with mortgage take over or land trust, I guaranty you an explosion of Due-On-Sale activation...

The L/P might be a viable way for you to sell and could allow you to collect a little bit of cash up front in the form of a deposit.One caveat: if the buyers have money now that they were going to place as a down payment for the mortgage, you'd want to take measures to ensure that they don't spend it in the meantime since they'll most likely need it for their mortgage in 4-5 yrs.

Thanks...I haven't been back home in over 20 years..i live in Minnesota for 15 yrs before going to Vegas .I'm sure a lot has changed...I don't look forward to moving back there tho...I've grown fond of the Midwest and West Coast...but more so the WC...it gets to cold up here!

With my smaller apts, I post in the ad that we follow HUD occupancy guidelines: 2 per bedroom max, kids of opposite sex over 2 yrs need their  own bedroom as well.  

If a property is in need of a new roof in <1 years, you should calculate that cost in your offer and your CapEx will be lower (idea that you'll replace the roof soon and you're property won't need a new one for 30+ yrs).

So removing capex on a short term hold strategy with a property that is brand new may work, but stuff starts to fail just 5-10 yrs in.

I am not worried about losing a % or 2 on inflation, mostly because I have rehabbed my properties well and I do not have much maintenance and my tenants stay 3 + yrs.

I have been doing SRFs for about 12 yrs and feel the same way.