I am not a seasoned investor.

I believe there is also a seasoning period before exchanging the property.

@Rob Buffingtonreach out to a seasoned SF property manager / tenant's rights attorney.

But I do have a great lender in the 1st position that will allow 100% CLTC and all their programs are: No Income Verification No Asset Verification No Debt Ratios Calculated No Seasoning or Tracking of Funds to Close No Prepayment Penalties No Reserve Requirements Low Fixed Rates w/Interest Only Payments So if you are a hard money lender...... not a broker and would like to discuss this further please e-mail me at [email protected]

I buy notes, but notes without seasoning get a large discount.

Im not sure about how all the seasoning works just yet, so this is where I get a little hazy.

Sorry for the rant and I even went off topic but the actual question is does everyone let rentals just season the 5-7 years and then sell them off, or does anyone intend to eventually let them pay themselves off and take in the income at some point?

We're missing the key season to fill the unit up. 

If you just told them what you would accept, they likely assumed you were comfortable with that rate and had your analysis to back that up....but it would have been nice fir them to confirm things with you if it didn't jive to a seasoned PMAt best you may be able to work out some compensation with the PM to make up for the miscommunication......good will etc...but bottom line is that I think you are stuck if they say tough luck.For non-individual metered units, with landlord pay, most will get the utility bills over last 12-18 months and do the math on average per unit and factor that into what they set the rental rate at....

Typical lender requirements require the current mortgage/title to be seasoned for 6 to 12 months.