Our strategy is looking for multi-family homes to purchase and hold as option 1. 

Going to try out PayRange, the Shine Pay is slightly more expensive and the one quote about the 20 units appears to be from shinepay as it is the only qoute they ever made... not sure which is better but both look like good options

Do you limit the term to 6 months to begin with, or 30 days minimum stay and negotiate an option later on?

Reach out if you would like to compare options or revenue potential for different homes and communities. 

@Robert MedinaI agree with @JD Martin that you’re in a strong position with $600/month cash flow and a solid equity base.

Typically, the investors I work with purchase properties in their personal names and then quit-claim the title into their LLC after the deed has been recorded.Markets like OKC, Memphis, and Little Rock offer some excellent, affordable growth opportunities, and I’d be happy to chat with you to explore these options further.

Rent by room is an option that many people do here but even then it's not easy, and several randoms living under the same roof calls for its own problems and likely a lot more turnovers, so I'll see.

Once the city gives direction, then start to look at available options and penciling out the numbers to see what makes the most sense.  

Since you're putting 15%-20% down, a conventional investment loan will likely be your best option.

Happy to help you with either option, send me a DM.