Finally, if I were in your spot I would be interested to learn, if I could, more about the circumstances of the potential tenant.

if its too good to be true it probably is. i never do any of these programs. anyone that sets a timeline on real-estate success is not genuine, there are so many circumstances for each individual investor that determine that trajectory.the only person making a good investment in 3-6 mos is the guys taking your checks.

@Nicole LockwoodNo real distinction between buying an STR property and just ... buying a property in general.

Then you have to decide based on your life circumstances what makes the most sense for you.

I refer him to section 4975 to read more on these implications as I don't know his exact situation/facts and circumstances. 

When you turn the house into a rental later on, you can use rental income to offset the payment and buy a new home, but it cannot be an FHA loan (you can only have 1 FHA loan open, unless there are extenuating circumstances).Hope this helps!

This could further enhance their value and your overall return on investment.Remember, every individual's financial situation is unique, and it's crucial to consult with professionals to tailor a strategy that aligns with your goals and circumstances.

That sounds like WAY more work than a W2 job but of course depends on the circumstances.

The answer seems very broad vs specific to your circumstances. 

Maybe I'll talk to a different person who knows the policy better or can explain if there are any special circumstances.