The tenant is open to a one-year lease but is also okay with doing a shorter term lease to begin (6-12 months) to have the first lease expire sometime in the Summer 2021.

Hey BP Fam - I'm looking to purchase a SFR near Downtown SLC for my periodic use in winter (big skier) and summer (escaping Texas heat and hiking); but it needs to generate income as an STR when I'm not there.

Should I consider a hard money loan for a flip in the Spring or be patient and “house hack” in the summer (until the two year period ends)?

Also, once you do find tenants I would have the leases expire in the spring or summer to avoid this problem again.

My town had about 2800 residents in the summer and 1800 in the winter and most of the investors have turned their properties into AirBnBs so anything here I can buy will find tenants quickly.

I host a LOT of honeymooners and anniversary celebrations, etc. so while I don't know for sure, odds suggest there have been conceptions at my cabins!  

Hello everyone,Purchased my first annual rental property in my self-directed IRA (already own a weekly summer rental).

Additionally, the owner has already offered to: - to stay in town and help us learn, - to pay the salaries of two key employees the first summer we take over (2021), and- to owner finance a good portion of the purchase price (and offer really reasonable terms).Additionally, they turned over credit card statements for the last 5 years, and hosted us in their home for about 36 hours of intense due diligence, Q&A, etc.The point is: should we pay for a partial property inspection now, or come up with some new wording in an addendum to the contract that says we'll do a property inspection in May and are requesting that seller set aside up to $_____ for repairs (which would be negotiated)? 

The leases go through next summer.  

I have a friend I have known for a long time, Since we were kids building porches and fences as a summer business, that I am starting a real estate business with.