I am considering converting to a long term rental but thought that mid term might also be a good approach as well considering the home is fully furnished.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

The one bank left kept a 1 mil line of credit for me ( down from 15 mil) had me  on a 90 day extensions for 4 years and allowed to to earn back in.

I plan to use two of the bedrooms for Airbnb short-term rentals.

From my perspective, it’s essential to ensure that financing aligns with your long-term goals and risk tolerance.

Long term/ short term rentals would work, ideally in the $400k range or lower. 

Just a builders risk policy if you are doing an extensive rehab on the property and then a landlord dwelling policy when the property is rented.

Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.

In this guide, we’ll explore high-yield property types and help you decide between long-term and short-term rental strategies to maximize returns.1.

But if you're really good at it, then you can get a short term rental to perform well.