I want to create a fund that will allow me to purchase distressed homes, fix them up, and sell with owner financing (possibly including a 5 year balloon so as to be able to recapitalize periodically and give investors a shorter horizon).

While I have found MTR tenants who stay a year, most start month to month and just happen to extend. 

Yes trying to find info as well, offered 1031 and/or straight investment $s w 6 month min lockup period for a return in the 14s, seems too good(i know what they say, lol)

The city required the road to be extended a few feet, along with water and sewer.

Your decision to lease this property for short periods is what makes this a short term rental property, not the property itself.

Use this period wisely by ensuring your calendar is open, pricing is competitive, and your listing is optimized.Encourage Reviews: After hosting your first guests, politely ask them to leave honest feedback.

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

Make sure to get legal advice on what you can and can’t do for bill back and what kind of notice period is required in your state. 

Waiting until the 1-year period ends avoids potential loan issues and simplifies things.