From the sound of it, I'm gathering your advice is have her rent it for a shorter duration, renovate it asap then put it on the market for the higher amount. 

Also, platforms like Crexi and MLS can sometimes yield better results.Questions to Ask in New Markets: Focus on questions around local vacancy rates, job market stability, average tenant stay duration, and the area’s development plans.

Flexibility on loan duration and amortization would also be key for long-term holds.

If they can’t provide evidence of this, or a Visa (student, etc) that authorizes the duration of their stay, then they’re here illegally.

**Address Potential Concerns** - **Clarify Terms**: Be prepared to discuss terms, such as the down payment, interest rate, and duration of the loan.

We’ve told our renters that they’re still responsible for rent until through the duration of the lease term until we find new renters, to which they were surprised.

My initial thought is to write it as an addendum with specifics of how many weeks a year, max duration, rent will be prorated that month, dates must be agreed upon with tenant at least 3 months in advance, etc Thoughts?

Has anyone used HomeTap for funding leverage given that there's no monthly payment for the duration of the term?

The maximum duration of commercial loans is 15 years.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.