Hello BP family,I recently bought my 3rd rental property in Salina, KS using a HELOC that I have on my primary residence (CA). I did a cosmetic rehab and rented out the home 12/1. I went to my local bank that I've ref...

What qualities have you looked for in prospective buyers to ensure they hold their end of the deal? 

But if you plan to hold, the studios have highest turnover (as you stated). 

Investment Info:Single-family residence buy & hold investment.

ITS very hard to do this stuff .. sophisticated sellers or any seller that talks to an attorney is going to have a hard time giving you title to their property but they remain on the loan.. thats your biggest hurdle.Hey Jay, that makes sense if you plan on flipping but you can go higher on price if you are going to hold it for some time as a long, mid, or short term rental.

This is not hyperbole, I have been doing this for nearly a decade in the greater SF Bay Area as a buy and hold investor. 

So it Should work out I can just pay the 401k back with my personal lines of credit and that can hold me Until I refi with Dscr , that is my plan. would like your opinion if I am on the right track With this .

Have you looked at using any equity from the property you are holding? 

She also doesn’t want to have to keep paying the holding costs if she doesn’t have to.How can we set this deal up where I can take possession of the house and begin work while waiting to do the sale until I’ve got another house sold to purchase this one?

I beleive partnerships are best for short term projects (flips for example) and raising money is better for long term buy and hold (you still hold all the decision making power).