And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.  

Hey @David Segatti Sounds like your typical guru up sell latter.  

The other option is if the tenant is MTM like you mentioned, then you can sign an affidavit that you will be providing a notice to vacate as soon as you close.

It looks like it only covers on demand requests and you need to connect to a real estate management software?

I'm thinking something like 10% down, interest only for five years, and 3% interest rate.

I am a mortgage lender and can help give a lot of clarity and insights to you, so please call me at the number below if you would like to discuss further. 

It's like having a personal mentor guiding you every step of the way. 

@Dana RichardsonBe mindful of liability.I would probably answer something like this.Yes, they rented from me from x to y time frame.

I also plan to run paid ads as well but would like to start with the website.

I don't know what area exactly that you're in but likely 5.25% to 6.25% for something brand new near downtown.