Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.

I just keep using my rental cash flow to pay off these short term loans.

We do long-term rentals and practice BRRRR on every deal. 

Hey @Raven Ye Mahar, so you should call the city and make sure but if you are renting it long term, you shouldn't be on the hook for any of the occupancy taxes.Nashville has a STR Occupancy Tax - https://www.nashville.gov/departments/finance/office-treasur...In the end, I would just call the city and get the deets that way. 

Also how many should I aim to work with in terms of:- How many brokers- How many wholesalers- And in terms of DTS , how many cold calls a dayThanks againWholesalers are all over FB so try joining any "off market" type property groups.

One solution could be a Debt Service Coverage Ratio (DSCR) loan.

What are your loan terms?

I own 20 acres of land valued at approximately $80,000, and I want to build two short-term rental (STR) units on it.For context, my family already owns two long-term rental (LTR) units in the same general area.

If it is a direct lender you are able to work to find more favorable terms because they usually determine their terms on a deal by deal basis. 

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps?