They make terrible, uneducated decisions that hurt the producers and favor the consumers.

Given current market conditions and shifting regulations and court decisions you may be better off month to month VS term lease. 

I am learning a lot from reading the forums but it hasn't necessarily helped me make up my decision, and if anything, has made me more uncertain.

@Joe S.Definitely a joke, but with a really, really, really risky potential to double your investment.That kind of money, you should be confident where you’re placing it IMONo online opinion would sway my decision after reaching that landmark.

You make the decision if you approve a tenant or not.

There are other factors that go into a decision to go outside your market as well, such as market cycle, political climate, taxes, etc.I used to own in the Bay Area and sold off my property due to the high taxes and opportunity for better returns elsewhere.Best of luck!

The bank will tell you what you need as far as reserves but expect probably 12 months of P&I payments in reserves.Good luck on the decision!

I have learned a ton from the 100+ loans I have gotten since I started.The lender is the real decision maker for almost everyone investing.

Close some transaction, get the first 6-12 months out of the way, then make an informed decision on what you want to do.

I make that decision not based on how much it is going to cost, because most repair costs are negligible compared to the income it generates.