Short term rentals can be lucrative but come with higher variability and management needs.My Take:It might be beneficial to consider a mixed approach—drop the rent slightly under market value to secure a tenant and stabilize your cash flow, while simultaneously exploring the short term rental market.

Center with more mix of mom and pop versus national more 8 pref as volatility with small tenants.

That would be his issue with his lender.You would have the option of forcing him to complete the deal, he then has to work out the problems between himself and his lender, that is none of your problem or business.Have your attorney or the real estate agent's broker send a strongly worded letter as a warning about the consequences ( a lawsuit he is unlikely to win).

I've done some research and see some suggesting randomly showing up at the house (don't want to do that) or sending a letter/mailer (those things are usually thrown out).

If no one answers the door, you can put that in a letter / notice and post it on their door.  

I didn't feel rushed though, because I had a backup plan, and even a secondary contingency plan.I also think the loan harvesting is a great idea, especially if you mix that with a great property manager.

If you have no lates in the last 12 months and re-established credit meaning you have atleast 3 tradelines you have made ontime payments on for the last 12-24 months you may be eligible for VA financing with 580 min or lower scores depending on the scenario.Most of the time these type of files with be a total cluster and require 30-40 conditions ranging from letters of explanation, additional documentation, and or other to close.

A lot of those letters are fake however and we double check their authenticity with Pet Screening.

You're going to be call or mailing land owners....just saw a guy mailing out 34,000 mailers...probably 60cents or more a letter....so just that one mailing is a $15,000 up front investment....plus you need to have systems set up to respond to that amount of mail and response, and the money either to buy those deals that come thru or if you're going to try to wholesale them, then the money to find your end buyers.   

I sell houses all the time by just listing them on Zillow, so don't think you need to pay a listing agent and if the buyer doesn't drag their realtor into the mix, you might not need to pay a buyers agent either. this is a cautionary tale of the risks of remote rehab with little to no experience looks good in the book but in practice can be very very difficult.. stick close to home.