@Art Maydan If they are asking those questions now they are looking for leverage which they will do throughout the lease term. 

I’m fine with this, for now, as a long-term investor.I don’t believe our current situation would enable us to qualify as Real Estate Professionals, which would result in massive deductions.

Hi Flavia, Research the local market trends, economic indicators, job growth, and development plans in the area to gauge its long-term potential.

They also sent us a term sheet for another deal, and weeks later, AT THE CLOSING TABLE, provided a different term sheet with the money due at closing going from 33k to 70k, ON A 250K PURCHASE!!

Timber long term or short term buy and log ( something I did for many years and extremely profitable if you know what your doing..) 100% OPM and returns in the 6 to 7 figures within a year.

After investigating more, the terms on that listing was an all cash purchase.

STR - If it needs a full gut, and it's in a great location for long term STR success

Purchase price: $473,000 Cash invested: $28,000 My wife and I purchased this as a primary residence and then converted it into a mid-term rental 1 year later.

I agree that I will need a portfolio of 10+ and that is my goal in the long term.

- as far flip and flop is concern or hold and rent ( short term, vacation rental ) ??