That means a higher rate and less favorable terms. 

Our long term strategy is buy and hold owner finance. 

I know the added revenue would more than pay for the cost in the long term.

I'm looking at purchasing 2 properties in Kokomo that we have under contract right now.

So, you need to be sure it makes sense as it does not always do so.Also, keep in mind, line of credit are for short term cash needs NOT long term for example a down payment on a property you plan on keeping for the long term.

A word of caution, though, from calling tens of cities and counties here in Colorado, even the supposed experts don't always know what their own short-term rental rules are.

I don't have a preference for age in terms working with other folks but young can be good from an energy, optimism and having enough time to put in the extra hours when needed (usually a younger person is not going to have a spouse, 2-3 kids and a bunch of other responsibilities).

And please don't comment that rates, terms, loan structure are variable.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000

Cash invested: $30,000

This is a single family property this is rented by the room. The entire house is fu...

I agree,Columbus has a diversified economy, and a robust job market which makes Columbus an attractive option for investors seeking long-term capital gains.