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

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

But I see people turning long term or highly appreciated primaries in to rentals.

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

House Hacking, STRs, Mid-Terms, and BRRRR are all solid strategies to explore.

What should I consider about the purchase price, interest rate, and other terms? 

I was last getting terms around 5-6% for the first 5 years, then floating with prime, 20 year term. 

Until the conditional use permit is applied for, an operator of a short-term rental is required to apply for a short-term rental permit.

Some similar phone numbers and such to other short term companies that other people said were scams.

I believe in putting in the work—1,000 hours of research, testing, and learning—before offering advice, and I’m excited to tap into the collective wisdom of this community to refine my approach.Here’s where my head is at: I’m considering strategies like short-term rentals (Airbnb) for higher cash flow, long-term rentals for steady income, or even creative options like house hacking or partnerships to stretch the funds further.