If you do invest in SFRs, is it better to hold the properties for a shorter period (less than 10 years) to increase your IRR?

Now to get those high caps you need leases with shorter primary terms left that are almost all cash deals.

From the sound of it, I'm gathering your advice is have her rent it for a shorter duration, renovate it asap then put it on the market for the higher amount. 

Spring & Fall still book, but tend to be shorter stays than Summer & Winter. 

I recommend dropping your price (not your standards) and renting it for a shorter term to get through the winter months, then look for a one-year lease again in the spring.If money is tight, you may consider selling.

Most Helocs carry a higher rate and over a shorter term where as a Mortgage offers a lower rate over 30 years for the lowest payment.You might have a low first rate and not want to refinance but trust me the blended rate between a low first mortgage and a High rate Heloc tends to have a higher payment.

The mortgage from the cash out is the Lien and can be set up in an LLC or vested in your name.DSCR is great and offers 30 year fixed, 5/6 ARM even a 40 Year I/O Interest Only fixed for the first ten (10) years.Much better than having a smaller Heloc $20K+ which will have a higher rate and a shorter amortization.

The shorter the prepayment term has an impact on increasing the rate.4.

You can typically secure shorter term 3-5 year fixed rate permanent financing for this with lower leverage, or if you're feeling riskier you could go with a higher leverage, more expensive floating rate bridge loan.

NYC:- NYC will probably appreciate at a higher rate and shorter amount of time compared to Jacksonville homes.- I will be able to find tenants sooner in NYC compared to Jacksonville.