So if you subtract off all the utilities including cable (Say $400) we are looking at $1700 a month for a year lease and $1900 for short term lease.

If you've just been on market a short number of days, counter the $215K  Offer & $5K Closing Costs paid by Seller, with $220K And agree to pay the $5K.

The short answer is yes, diversification is a good thing

Not the best choice if you are low of funds but good if you are short on time.

Hello,Before reaching out to an attorney, I would like some feedback, please.About two months ago we purchased a short sale in Illinois.

Hi BP folks - my partner and I are closing on a property shortly.

How about give us some more information about yourself, what goals you're wanting to achieve in the short-term (< 5 years), what resources you have at your disposal, and what it is you're hoping to accomplish ultimately by being a real estate investor (10+ years)? 

She said she was going to work 6 hours which is 2 hours short of a full day, and she wasn't going to get paid for working the time, because supervisors aren't paid overtime.

 (3year amortize short loan. )Can you guys think of any other due diligence am missing. thank you in advance for your input. by the way the property is free and clear and has plenty of safety in the price of the property vs my loan.  

There are agents selling properties (typically interpreted as a residential transaction) with the short term rental business attached (typically a commercial transaction).