Purchase price: $674,000 Cash invested: $134,000 Long term rental purchased in area that is under development and predicted to rise in value over the next 5 years - 2br 2bth

Hi All,I became aware of this group from reading Long-Distance Real Estate Investing by David Greene.

Apologies for the long message.

Are they long or short term?

I have been a small RE investor for the last 5 years or so, and I finally have come by my first rough ride with a tenant who I inherited with the purchase of my last triplex in Sellersville, PA.

I would not expect that demand to drive up the price in a crazy way but let's say there's some $700,000 4-unit properties in some markets that are sitting for a long time - those will sell faster. 

Lastly, any advice on which loan would likely be the best loan for me? 

Money in hand sounds great, but my portfolio strategy (even though it’s currently small) is long term buy and hold.

Last month my neighbors garage caught fire and turned the the carriage house into a total loss.

RE investors have a tendency to overbuild capacity during boom times and we've had a long run so far.