@Priti AgLong-term residents often dislike short-term rentals (STRs).

I would look into a short term hard money loan to finance both the purchase and rehab, and then refinance into a long term conventional or DSCR loan.

But the fact that you could get hold of them in such a short order and get things done is amazing.

My initial thought is to advise them to continue to offer the fee to avoid alienating buyer agents, especially if this is how buyer brokers are creating their short lists to share with clients.

I would just like to get 1 under my belt and ride if for a short time before moving onto the nextLook for a local REIA in your area and in the events forum here on BP.

CS is just a difference in the timing of when depreciation is recognized (or what is depreciated), it shouldn't change the nature of the investment type (short term vs long term).

In short, it is highly possible a much more expensive neighboring home could be paying less property tax.What is much more relevant is comparing assessed value to assessed value. 

Hi @Gisele Sood, there is a mix of free and paid services that can help you retrieve the data that you seek.To gather data on tenant demographics and property demand, consider these resources:Census Bureau & City Data: Offers insights into local demographics, income levels, and household types.Zillow, Redfin, and Realtor.com Market Insights: Check these platforms for property demand trends, popular property types, and renter data by area.AirDNA & STR Insights: If considering short-term rentals, these provide data on occupancy rates, guest demographics, and property preferences.CoStar & REIS: Paid services that provide detailed market analytics on rental demand, property types, and demographic preferences.These sources can help you understand tenant needs and property demand in your area.

You might also consider forming an LLC to manage the property-related business activities while holding the property in your name to stay within your lender’s requirements.Explore safer rental strategies: If you’re open to short-term rentals, Airbnb’s Host Guarantee provides additional liability coverage, which may offer peace of mind while keeping the property in your name.

Purchase price: $379,000 Cash invested: $107,690 Latest short-term investment condo (3bd, 2bth) What made you interested in investing in this type of deal?