Option A would allow me to keep it as a long term rental .

I am investing out of state, I am from long island and work in NYC.

You are allowed to keep all the deposits in one account, as long as you have a means of tracking how much belongs to each renter.

 How long is the moneyback guarantee good for? 

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

For instance, the term could be 3 years and add a clause that says they have to return the property to the condition it was in when they moved in, not just keep their deposit. 

Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

., short-term rentals or onsite management), SBA loans might allow for a lower down payment.Local or Credit Union Lenders – Sometimes, local banks or credit unions are more flexible on down payments if the deal is strong.I’ve been involved in multifamily deals and underwriting similar properties, and this one seems promising—especially with the assumable loan at that rate.

In response to your questions:Biggest q i still dont really understand is:- what happens if i refinance before 7yr term or sellAs you'll be the owner, you can refi or sell before the 7 years. 

But as long as its not directly in the flight path, it will be okay.