Also, I'd think about the long-term potential for appreciation and the health of the neighborhood.All in all, I think it's great that you're at a position where you can seriously consider investing and wish you the best of luck either way you go!

Reading through the contract offer that my longtime buyer's agent has prepared, I was surprised to see closing date August 7 and first payment due September 1.My understanding is that the buyer normally gets the remainder of the calendar month after closing date, plus the next full calendar month, before first payment is due on the first of the following month.

Please pardon my "verbose - ness" lol warmest regards shannon  Price it as a room rental or consider short term rental as guests don't need a full kitchen for that. 

Immediately, have them sign a month-to-month lease to formalize your relationship and set basic terms.

In these short years have built a fantastic team in Quattro Capital, closed 10 apartment complexes during the global pandemic and continue to love collaborating with the whole Multifamily Mindset team. 

I thought about starting out with 1 single family residence for long term or midterm rental.

We paid Sunday (July 31st) and so I sent my request yesterday (Aug 3rd) to cancel and in about an hour got a response back saying someone would call us shortly.

The last property I sold the realtor listed it for 10% over the Zillow estimate and we were under contract in 2 weeks.

@Jarrett FinleyI have been pleading with them to turn it on with a "temporary contract".

The programs are quite easy 25% down on a dscr loan and 6 to 24-month terms and can close within 14-21 days send me your email or DM me and I send you the matrix for most of their programs.