Factor in costs such as:Property taxesInsuranceMaintenance and repairsProperty management feesVacancy periodsLong-Term Strategy:With plans to acquire multiple properties, develop a clear long-term strategy.

Quote from @Denise Evan’sThe lesson--the landlord should check all smoke detectors at least annually, and replace all batteries at that time, and invoice the tenant for the expense.We just replaced the batteries in 52 smoke alarms last month.

I just don't see this as a good long term rental unless I am missing something.

My intent is to convert my primary into a long term rental.

Also, how long did it take?

Likely at least 1-3 properties owned and operated within the last 3 years.

Hi everyone,I am currently planned to close on a rental property in southern Indiana and will inherit a long term tenant.

4) How long have we paused rates?

It is not  optimal for long term debt. 

@Adam WalkerIf your strategy is buy and hold long term and you can afford the payments right now then I would say continue to hold.