Louis, MO, but I'm always flexible and don't want to be tied down to one state for too long. 

@Tchaka Owen month to month gives the landlord more flexibility.

If they're not flexible, then look around. 

As others have mentioned, it's generally much easier to do a cash out refinance on a rental property, although you do lose the flexibility of draws vs a lump sum and immediate interest payments. 

This also gives you all the flexibility you need to either pay more each month in order to pay the loan off faster, or save any extra money to make future investments.I didn't read any of the other comments prior to writing this, but all the other posts here are post on as well. 

Applies to new homes and MF buildings of 3 stories and fewer.Also applies to major remodels.Approved by CA Energy Commission 5 votes for, 0 against.Approved by CBIA.Includes flexibility for building designs/locations unsuitable for solar.Solar panels do not have to be on the roof, if builders do not want to include rooftop solar in they can choose to access a nearby central community solar array.

My two cents,   (and an interesting, debatable topic)  it depends...I agree, if you have someone long term, they don't necessarily want to be next to  unknown tenants...however, sometimes the stability of long term renting is good..and the flexibility of short term is good for owners who want to use......For instance, we're in a seasonal resort town. 

Also, If i do them one at a time I will still have flexibility to buy other properties at the same time. 

Real estate is a very pliable business, you can do almost anything you want in terms of flexibility of schedule, short of working only during the 3rd or midnight shift.

In general, having a lower LTV and putting 20% or more down gives you a little more flexibility to weather any down periods but again it depends on your risk tolerance.