Quote from @Lee Leoncio: One thing @Jason Wray failed to mention is that you typically need two years of work history to qualify for a mortgage.

Typically for prospective clients.

Yesterday morning he said we should have the final terms by end of day. 

What type of terms they looking for?

I grew up in Memphis where I own 4 long-term rentals that are SFHs.

If you sell a property in one year or less after owning it, the short-term capital gains is taxed as ordinary income, which could be as high as 37 percent.

The opportunity for outsized profits versus LTR always exists, because it requires much more work in terms of marketing, maintenence, cleaning.

A squatter is not on your lease or subject to its terms.

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

Are you all still investing in Colorado long term rentals?