We only found out that early in the lease because of several maintenance issues shortly after the tenant moved in and we have had to go back and forth with the owner for monies to pay certain invoices.

This means back stairs, fire escape, usually things that nobody wants to pay for in the neighborhood of 15-25k.

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc  LOL ...  

But, it's really only worth it if you have some good cash flow coming in from your rentals and you have more than a few rentals. 

Then purchase new real estate with the rest in a 1031 exchange. 

My background is in construction and entitlements. 

I am planning to build on on the lot and use it to generate short term rental income until I retire in 8-10 years.

The house will surely continue to appreciate while I either rent out the property or Airbnb it. 

SHORT THE DOLLAR Both candidates, Trump AND Harris are inflationary... in their own way of course, but I don't care.They and the majority of congress are under a "deficits don't matter" regime.How do I short the dollar?