If you already have that where you live, why put those profits at risk?

I’ve experienced success in the STR market here in St Pete myself but I’ve since transitioned my properties to long term rentals for convenience and time management sake.

Likely not allowed in the lease and if the landlord were to allow it they will partner with you and take a good chunk of the profits.

When you add rehab costs and effort, holding costs, and selling cost there is not much profit. 

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

Sell,  pay the taxes, and give them their $1,000 plus half the after tax profits?

So from experience I can't say it has been beneficial or not to our profit.

I've since created a similar program within my office and it's a profit center.

Ensure your flip profits exceed the LOC costs, maintain a financial buffer, and compare it to private or hard money loans.

Long term financing ensures solid, residual net-profit income without being a landlord How did you find this deal and how did you negotiate it?