I would also say that if they turn out to be a great guest, you could consider booking off platform after a shorter lease period. 

By the way your post was written it almost seemed like there was a rush to spend all of your 1M seed money in a relatively short period of time.

It is only for the period of time that you need to acquire the regular commercial loan and pay back the HML, what are usual terms and rates for HML?

Is there a clause in your lease that specifies a particular notice period for vacating the premises?

According to the US census data Los Angeles, CA county population declined 3.5% in the last few years as you can see here:(Data from April 2020 - July 2023).But Real Estate prices went up in that period 25% according to Zillow (From $665,868 to $834,772).Rents went up 18% (From $2,380 to $2,827).How that can be?

Period.5.

. - A $300k HELOC on the second home, at prime + 3% with a 20 year draw period.  

2nd questions; I Just got pre approved for a non QM product: 20% down, 8.25% interest rate, 12 month pre payment penalty period, 2 points, and Conforming Conventional product: 25% down payment, 8% interest rate, no pre payment penalty, 1 point fee. 2-4 unit in Ohio.

The 3xs monthly rent rule is an outdated calculation from a time period where income to living expenses evened out.

Is the holding period calculated from the purchase date to the sale date?