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

@Robb AlmyHere is what struck me“In total, 224 investors who own short-term or long-term single-family, condo, or townhome rental properties completed the survey.

I currently have 20+ units that serve short-term, mid-term, and long-term rentals.

So in practice, an annual lease term seems one-sided for the tenant's benefit.

I am unable to find out the exact details on if the all the funds are required to be sent at the courthouse steps when the property is bought?

For example, I know that Lima One will waive a property's seasoning period if you use them for both the initial hard money loan and the longer-term DSCR loan.

This contract outlines the terms of the sale, such as the purchase price, any contingencies, and the closing date.Ensure the contract clearly specifies that it is assignable.

-As to rent payment, in Florida, a tenant would either owe liquidated damages (as stated in the lease or would owe rent that accrues during the lease term until such time as the landlord is able to re-rent the property on their account.

I have done mid term rentals for years, and mostly by the room (similar to you renting out different parts of your house).

@Katie Southard For first tenant after we moved who said no way to get to post office during hours, we gave them our keys with signed addendum to the lease that said if they don’t return all of our mailbox keys at lease end, I’m reimbursed for my deposit from their security deposit, and that they are responsible to obtain new keys from post office, themselves, during lease term if lost.