As long as you are fiscally secure enough to make that higher payment no matter what, when a 15 is paid off, a 30 still has like 70% left to go. 

I am seeking a contractor who can work together in a long-term partnership.

@Mike Parker Ive typically put down my local handyman, as long as they are aware.

How long has it been vacant? 

Buying a quality property is key to long term success (not just great cash flow according to a spreadsheet), otherwise capex will exceed cash flow over time.I have a friend who is very excited about FL and wants me to take a look.

Purchase price: $151,000 Cash invested: $36,000 Out of state triplex buy and holt for long term rental.

As long as the total income reported on your tax return matches or exceeds the total income reported on your 1099s, and you have documentation supporting the breakdown of income by property, the risk of audit or inquiry may be relatively low.Pros of the approach:Compliance: Helps ensure compliance with IRS reporting requirements by matching the total 1099 income on the tax return.Risk mitigation: Reduces the risk of IRS flags or inquiries related to unreported income.Cons of the approach:Complexity: Requires additional documentation and statements to reconcile the reported income with the 1099s, potentially adding complexity to the tax return.Time and cost: The additional work required to prepare separate statements for each property may result in higher accounting fees.Ultimately, it's essential to weigh the pros and cons and consider the specific circumstances of your situation.

This is a great cash flow for our local market, and we are using a mix of STR and long-term rental to achieve the best results.

I just closed (yesterday 4/15) on my first long term investment property.

Originally posted by @Jabari Long:@Brandon Graham Because of the relatively low purchase price I would pursue Private Money.