Investment Info:Single-family residence buy & hold investment in Berea.

State a max lease duration if your concern is that you will actually wind up with a long term rental with Susie and Susies boyfriend. 

How is buy and hold going in this area?

Here in IL you can have the buyer or sellers attorney hold it, or you can have the title company hold it.

It depends on the terms and conditions of your application (hopefully you presented a formal offer to lease that provided for forfeiture of deposit if the tenant failed to take possession).

I'm looking more into long term rental since I have no experience or time flipping houses.

Some of the most basic information you will want to know during the tenancy are:1. periodic reports from the PM regarding inspection results, including pictures and notes2. periodic (e.g. monthly, quarterly) finance reports from PM3. lease terms of new or renewed tenantsThey should contact you about:1. major problems or concerns with the tenant or property that may warrant termination of the tenancy or non-renewal.

They are private lenders agreeing to loan their own money, with their own terms, and taking full risk.

This trend suggests a robust and appreciating market, making Katy, Texas an attractive city for short-term and long-term investment.High Demand for Rentals: Katy is experiencing inbound migration from major cities like Los Angeles, New York, and San Francisco, indicating a high demand for rental properties.

I intend to hold for a many many years 2.