My debate is this.As a general statement the rental property cash flow here in Los Angeles is VERY challenging to find.I am looking to buy a property with a detached garage and convert into and ADU for helping to offset to mortgage.Crunching some numbers up on $1M property with and ADU assuming (rough numbers) main house brings $5,000 and the ADU $2,000 I’ll still be negative in the deal after all expenses (vacancy, capex, repairs etc…)However if I will use it as a Sort Term Rental it will be cash flowing beautifully.What’s your take about buying negative cash flow long term but counting on AirBNB to bring in the positive cash flow?

.- Lease commencement date is to be the 6/1/24 or when the landlord's work is complete. and we traditionally have penalties in place if the LL's work takes too long and pushes us past our initial timeline.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.  

I think part of that is they keep the facility in good shape in part by restricting what people can do to it.I can see getting dinged for a crappy looking thermostat, but as long as the place gets warm when you turn it up, I think they'll be happy.

I'm not to keen on long term,although I'm looking at one.

Are you looking for long term rental or getting into a fix and flip or ground up construction ? 

Both condition and location will allow you to attract better tenants and better long-term financial performance. 

Do not use the 140K as a down payment on a new rental you plan to hold for a long time.

As long as you can hold onto the property you can continue to get the appreciation, principal pay down, tax benefits etc.

Hello all, I have read the books and listened to the podcasts and sat in the throes of analysis paralysis for far too long.

Essentially my idea would be to sell 1/2 my interest, pay off the existing loan, and be "partners" with this person as long as there is a defined exit strategy.