The impact of payment is based from the terms of the loan perhaps a shorter term or lower interest.  

any rentals 30 days or shorter can take place only if the owner or permanent tenant stays in the house with the guest during the whole rental.

You can also offer more earnest money or a shorter closing time for your loan. 

At first, and as a first time investor, I was hesitant to go that route due to the shorter term lengths and higher interest rates.

., keep a shorter loan term and build equity in the house, then you can use that equity for your next one, if that's what you want to do.

Some of the things I mentioned to him were higher rates, shorter terms and higher premiums for insurance because I was under the impression that deeding a house to an LLC would turn my entire venture into a commercial venture.  

Should be a solid start to our investment portfolio.My initial strategy was to focus on long term buy and hold properties, but since I am young and cash poor I am starting to lean towards doing some shorter term buy & flip opportunities for my next deals. 

I'm involved with a startup in Hudson and the Adirondacks are a much shorter drive than from Syracuse.

I can have my friend agree to the option where I purchase the house from him in 3-5 years for a certain price around $70K (which is what its worth now), and look for potential buyers in that area to do another lease option, with shorter terms, with hopes that they purchase the house for more.

Is this typically a shorter term loan where I would need to refinance or pay this off in a few years?