On top of that, they require homeowners to hold the title for two years before being allowed to use the property as a short-term rental.

Be careful about feeding additional capital into syndicates with short-term loan maturities if the only plan is to negotiate lender maturity extensions for another year. 

It started well for a short while. 

Offering the property on a lease-to-own basis might attract buyers who can’t immediately qualify for a mortgage.

In the latter situation (where I am paid monthly), as a short term lender, I only do 12 month Promissory Notes.

Property Taxes 11,000 yrly, insurance 4930 yrly.It falls short of the 1% and 20% rule.

The cool thing is you have multiple strategys and just because you choose one, does not mean you cannot switch to another one - maybe one fits your short term goals and another one helps down the line with long term goals.

We discovered the previous owner had dementia which explained most of the work we needed to do, Our short-term is improving that unit to rental standard, not necessarily adding property value as he and I are still drawing floor plans for Long term.Thank you!!!

Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.

Any advice or guidance from those with wholesaling experience would be especially helpful—things like realistic expectations about finding deals, managing seller relationships, or navigating the challenges of the wholesaling process.I also plan to get my real estate license shortly after returning.