The reason I like long term more is better chance borrower will refinance and then you get that bonus.

@Justin R.I see what youre saying, so maybe my best option is to refi the equity to match current increasing rents, pull out another 200k-250k from the duplex and use that for another 2-4 unit investment -OR- use my 250k that I have now and add 250k from refi and buy a larger say.. 2mil 2-4 unit complex?

Originally intended as our primary residence for 3-5 years, this 4br/2ba house with a large bonus room became my second rental property when we picked up and moved out of town.

For the effort and adminstrative burden of ensuring everything matches...I'd need a significant savings.

@Matt Moore, take a cut off to a local lumber yard (not HD or other big box) and ask if they have a matching profile for exterior siding.

You should get the matching bedside table and have lamps on bedside tables for reading.

For deals that do not match the above, the yield moves into the double digit arena.

The setup this guy did was that as he was pooling together from other investors, he would include in the total pool an amount equal to my current salary/benefits/bonus/etc to pay me (as a way to convince me to leave my job).

What a bonus too.

The one unit that matches the same square footage and same view sold for 409K.