For long-term planning, consider transferring the property into a trust to manage tax and legal complexities.This post does not create a CPA-Client relationship.

Tyler,Within my 20 years of experience as a landlord, if I had $150k and good credit, I’d focus on either flips for fast capital or rentals for long-term cash flow—trying both at once can slow you down.

A small amount of effort yields a good long term ROI. 

I’m currently in the process of searching for my first property, which I hope to house hack and eventually convert into a long-term rental. 

This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75%  through our in house financing program.

She can move to a short term rental at the start of Feb until she finds a place. 

I have owned so many properties in NY that were long-term rentals and it is renter-friendly, but if you choose correctly, you won't really ever care.Meetups are a great way to add to podcasts and books.

Financial terms.  

You would have to check the loan terms.

Could be a business decision based on keeping long-term high quality tenants rather than risk the costs on turnover.