While these alternatives may come with higher interest rates, the flexibility they offer such as faster closings and more lenient terms often outweighs the upfront costs, especially in fast-moving markets.For example, hard money loans can give you the ability to close quickly on distressed properties, which traditional banks may take too long to approve.

I think long-term Nashville is going to be a much healthier market than Memphis.

I have kicked the tires with a few small investments in both long-term and vacation rentals offered on the website over the last few months. 

Most investors who focus their underwriting on successfully completing the BRRRR method ignore the fundamentals that are most indicative of a properties long term success.

Is the year long lease void completely or is it only void for the time the water is out? 

This approach not only enhances the potential for financial success but also cultivates a deeper understanding of the real estate landscape, empowering investors to make choices that align with their long-term goals.

So, as you note, hopefully there is still enough liquidity/cash flow in the deal to keep it afloat long enough to ultimately pay off (or at least make all your money back).  

Hi everyone, I was wondering if anyone has some common mistakes to avoid when first starting out in long term multi-family rentals.

My partners and I are flipping homes and doing some wholesaling. 

If your area has a good long-term rental outlook and you have the patience to deal with tenant issues, this could be a smart move.I’d lean slightly toward renting unless you’re getting strong signals that property values won’t appreciate or rents may decline.