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!

BRRRR, short-term rentals, and flips all sound like fun options to check out.

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

What was the reason behind the term change?

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.

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).

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

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.