Challenges?

Best approach is to have your "team" set, before going out to secure properties. 

As an investor and realtor I took the opposite approach.

Be that as it may, with this approach, you will have to provide some value for your folks even to consider this.

Also, when it comes to enforcing the lease, use a simpler approach.

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

@O Samuel AdekolujoHate to state the obvious, but your approach isn't working.Where is the problem, is the question:1) Your assumptions?

Challenges?

This approach will help preserve your operating capital.