Thankfully the lender talked me in to a 24 month term as it took us the entire 2 years!

I’d think long and hard about this and possibly set up financial parameters for who is responsible.

It seems like the tenant is being respectful, following the rules, and is not being a problem so I think that is what you would tell any other tenants who ask, as long as you have seen the card.

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

Since this will be our first long distance investment it feels like we're starting brand new and would love advice for first time long distance investors.

When you sell, interview as many as you need until you feel very comfortable with the one you decide to work with.real estate is a big investment, and for me it's long term, I don't want to have buyer remorse because someone isn't as knowledge as I like.when I was younger,  I was more willing or less experienced,  today I want the same level of knowledge as I offer when I help someone with their tax planning or when I prepar their taxes.....Show me your high level of knowledge,  you are hired.

How long have you factored open occupancies? 

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.

We've not brokered anything through them in a very long time...not to say we wouldn't, but we formed closer capital partner relationships over time.

The one that's short term and don't cost me a lot to initiate/originate.