In my mind sub to is for short term .. long term rentals is very problematic for many reasons. 

I've been checking HOA CC&Rs to make sure they allow short term rentals.

Pensacola has a lot of potential, and I’ve seen investors do really well in the area with both long-term and short-term rentals.Since you’re just getting started, here are a few tips that might help:Know Your Market: Pensacola’s mix of military families, college students, and tourists means there’s a steady demand for rentals.

Pete and Clearwater still work well for mid-term rentals despite some short-term rental saturation.

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining. 

Now, in 2024, we're seeing $4,000 per month just on the main unit and $1,800 on the other unit of the duplex.Long story short, it's a long term play.

In short it's this: Seller is facing foreclosure nightmare.

A short-term rental with a stay of 7 days or less + Material participation =also non passive.

I’ve been in the industry for several years, and my work has given me a solid understanding of property systems, maintenance, and what makes a home a great investment.I’m now looking to expand my own real estate journey by learning how to acquire and manage short-term and long-term rental properties.