I'm particularly passionate about Mid-term and Long-term Rentals.Outside of real estate, I enjoy reading and going to concerts.Excited to learn and connect with you all!

We would like to start building our portfolio with a long term rental, preferably a duplex, using a property manager.

There are several notable Non-QM lenders that offer reasonable terms on 5-8 units and very strong borrowers (with half the networth of the amount they're seeking to borrow) can go up to 29 units. 

I have a deal in my hands of 7 mobile homes all on separate .25 acre lots and all rented out to long term tenants.

I’ve started off with buying equity in a new build that cash flows as a mid term rental.

Is this a condo, or is it owned fee-simple?

Are these attractive terms for a housing market that appreciates on average 6%?

Average vacancy term on a renovation project: 3-6 mos. unless severely damaged (i.e. fire).

This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.

So the long term average will be more important, but you will not know that for awhile.