Germain provides for a due on sale clause trigger for residential leases longer than 3 years.I'm not an attorney, but you may run risks of a tenant showing equitable interest in long-term leases that may make them harder to evict if challenged.If the tenant wants long-term security, look to commercial leases for renewal clauses and, like everyone's saying, keep the term shorter.

The hardest part is pulling the trigger on your first deal.

Setup a trigger for "motivated sellers" posts on Craigslist to send you an email notification when posted.

It's my first one and I'm afraid to pull the trigger.  

Once you have selected a partner that you trust to be transparent and have pulled the trigger on a property, there is virtually no work involved unless you want there to be.

But given that you have a 10 year time-horizon and a buy and hold mentality. don't be afraid to pull the trigger and fast!

I am highly drawn to the unlimited private money that he says is  available through his asset based lending with no money out of my pocket (which is a huge selling point for me) but I am afraid to pull the trigger until I hear some unsolicited and honest feedback from someone who has been through the program.

That would be the most helpful, but I'm not sure the banks like that, I haven't asked yet...Thanks for your guidance, I feel that a multi unit should be under an LLC for protection, but am less worried if I am living there, once I move, I would need it to be in an LLC though, which I understand from your response could trigger the repayment...Thanks again,Adam

@Navin KumarHi Navin,In addition, if you Contract to FHA borrower between 91-180 days from your purchase and upsell by more than 100%, this will trigger a 2nd appraisal required by FHA that buyer cannot pay for.  

Glad to hear you are about to pull the trigger.