We are in the STR Zone, and the goal (if possible) is to get the project complete before 2026 Fifa world cup. do STR for 2026 and start long term renters after.

My short term goal is to buy our first property to turn into a rental by the end of the year.

We just moved out and are renting it long term and making around $400/month.

The remaining 25% of the gross rent will be absorbed by vacancy losses and ongoing maintenance expenses.When using a lease agreement, the lease agreement amount must be supported byForm 1007 or Form 1025, as applicable, orevidence the terms of the lease have gone into effect.

Originally posted by @Nicole Foglia:I bought a mixed use property in Newburgh NY for 120K.

Depending on the state of those facilities it could make sense to secure a renter before renovating so that you build the area out for the long term renter. 

Uh, let’s respect the facts: your original lender told you that it was going to sell the loan and you needed to wait.those are the facts.

Does anyone here run profitable rentals (long term or short term) and would be willing to share some good locations / strategies on getting started? 

Ember, just make sure your original contract does not say that it is not assignable.

The Buyer has no skin in the gameIf someone is approaching you to buy your house without a mortgage or conventional financing and are tying you into a long-term contract they better have some sort of collateral that they're putting up.