I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.

(eg Travel medical, post grad, insurance relocation, other random etc)?

It did not help that we had a period (2010-2016 ish) that was just cash-flow and BRRRR heaven and a lot of young investors actually succeded building a cash flow portfolio out of nothing and then quit their W2, traveled the world and YouTube about it, which became an expectation for a lot of noobs until today.

As for my comment on being dangerous - one of my mentors had a vacation rental (pre-Airbnb) in Costa Rica and was mugged while traveling to the house at knifepoint. 

I would rather invest my time and efforts in creating a quality life for me and my family , travel the world, enjoy the moment than burn myself out 7 days a week trying to build an empire of any kind. 

I like long walks on the beach, fine dining and travel....woops!

The LO (loan officer) needs to be in constant and cohesive contact with the borrower(s), listing and buyer brokers, processor(s), underwriter, title agent and generally in the driver's seat once the contract or refinance is executed. 

My husband and I are planning on putting one the rooms in our house on airbnb, either as a short term or medium term rental for travel Healthcare workers and such.

But I do have it listed on MLS for LTR, I’d much rather a short term guest though - since I’m so close to college and university hospital, I’d hope for students or traveling medical professionals. 

Do you have the property under an executed contract or is this just a verbal terms from the seller?