It's a very long standing visa program, super regularized, they have visas, 100% legal, ton's of rules about it. 

And.....”preREO”...just another goofy a$$ made up marketing term. 

We look at lenders (so long as they lend in the asset class you are considering) as an additional line of due diligence (they deeply care about their money and they are likely more sophisticated than you are).

But, it is bad for landlords, long-term.

Tenants are stable long term residents, and property is located in a desirable school district.

call a few brokers and just see what their terms are.

You can generally get the best terms (max leverage and best rates) on an owner-occupied house.

Sometimes the long term capital gains are palatable and it may make sense for you to pay the tax rather than force a bad deal.

Does anyone have any experience with short term rentals in PCB?

I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.