@Keith Angell What are your long term goals?

If you're capable of getting funding from a bank, those terms are terrible.

The short term rental business has been fine, up until this month where I saw the lowest bookings since opening.

Why not 30 year term with a conventional loan?  

@Ella Marie the Pro's are you can build long term wealth, the Cons are you can lose money if you cannot properly quantify risk.

Once you do this conversion you can't change it back to a traditional long-term rental. 

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

Is the mid term rental business that you have a 'rental arbitrage' business?

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.