Hi everyone, I am a long term investor based out of the Inland Empire.

Turn it into a mid-term rental (our research suggested it would not be worth it for this particular property in our area and short term renting isn't allowed)3.

It's crucial to note that this does not mean the buyer assumes the loan; the original loan terms and obligations remain with the seller, which includes the debt remaining in their name.The bank's involvement is minimal in the sense that the loan is not officially transferred.

Some of my most successful clients have done exactly as you described they had a JOB with a REIT or developer and learned their craft before launching out.Trying to get this type of education paying  companies that just sell short term training is very hit and miss. 

@Donald Blair unless something has changed, the Canadian mortgages are amortized over 30 years but the rate term is typically about 5 years. 

Ideally I would want it to be within an hour of downtown Salt Lake and open to both long term and short term.

Another idea we’ve been dabbling with given western Michigan’s coast is short term rentals in one of the beach towns along the lake.Would love to hear people’s thoughts, share their experiences, or give any advice regarding the GR market and surround area. 

I have made it from my long term process to short/mid terms and I have found myself in a predicament as I am investing from out of state (Atlanta GA) and have purchased a str that I will be staying in 1 week a month (Liberty MO north of Kansas City MO).Predicament All property management companies I have done my research on have horrible reviews, as most of them do, and with STR it’s not exactly passive but more hands on in my experience with investing in ATL.Does anybody out there have a recommendation for PM companies I can work with that are not from the horror story days that I have heard all the way back from when Josh Dorkin was hosting?

Be sure you and your friend are receiving annual forms 1098 associated with both loans and that you discuss with your respective tax advisors.You will purchase hazard insurance in your name, listing the underlying lienholder as 1st loss payee and your friend as 2nd loss payee.When structuring a wrap, it's best for the wrap term to be longer than the term for the underlying loan and of course the monthly P&I payment to be higher. 

It looks like a great investment, and in speaking with the sellers agent, she said that the quad is fully rented with Long-Term Airbnb.