I'm honestly not too picky in terms of area provided it cash flows.

Hi, I am a 37 year old half English, half Spanish guy living in Madrid, Spain and I have an unrelated business (Speciality coffee roasting) but have really got interested in investing in real estate as a side business and to help build long term wealth.

@Louis AlumbaughOne thing to watch out for is that most lenders will only only at long term lease market data on the refinance. 

@Emma Hustiswell, they're separate - you'd negotiate the price and terms with the seller, and now that's your mortgage payment (principal and interest, or P&I)then, you plug that mortgage payment in, as an expenseso, use a mortgage calculator first to generate the monthly payment, based on the seller financing termshope this helps

I've been a full-time REALTOR since 2010 and have a small portfolio (3) of long-term rentals.

If the lease is silent on the issue, you should give reasonable notice (normally 30-60 days prior to end of lease term).

Still working on terms and waiting on appraisal.Any information is welcome and greatly appreciated!

Even with the ban on new short term rentals, long term rentals are yielding incredible cap rates.

Quote from @Greg Elkins: I address this in my book in detail, but it won't be out until this fall.

Our portfolio in Illinois (close to Chicago):All properties in this portfolio are the exact same layout in terms of sq ft and having 2 bedroom and 1 bathroom and are Condos in a 4 unit building Only difference is when each unit was renovated or not.