You would get equitable ownership into the property, but seller would be on title (just like any other mortgage until the balance is paid off). 

  :)Now, as I move forward, I'm shifting to option 2 for sure, or balancing my portfolio with more of these types of plays. 

Finding the balance between revenue and guest value is key.

A balance between cash flow and appreciation is good, though you can't bank on the latter. 

Punch this cc debt in the face every 2 weeks, smallest balance first, until it is gone.

@Bob Stevens As I mentioned in my initial post - we wouldn’t take the entire SD balance, maybe half but this amount is truly unknown until we consult with a financial specialist. 

.: Quote from @Dominic Rosato: I work in leasing/property management in NJ, and we encourage most of our landlords to require these two main criteria:1) Household annual income > 40x the monthly rent2) Credit score above 680In addition, we screen their credit report to verify there are no red flags (rental collections, high CC balances, etc.), as well as previous two months of bank statements / investment accounts, whichever they'd like to provide (can they pay rent if they lost their job?).

Now I'm back to this vacant property in Canton and although I still think it would make a great MTR I rather focus on acquiring another property and putting my capital there.I'm currently weighing all my cashflow options for this Canton property and trying to find the best balance of additional funds and maximum cashflow.Here are the options I can think of:*Let PM take over and just LTR it (no extra capital, minimal time managing, minimal cashflow)*Find someone to manage the MTR (extra capital needed for furnishings, then either rent whole house or rent by the room, better cashflow)*Rental arbitrage (no extra capital, better cashflow than LTR?)

Google awning airbnb management or awning vacation rental buying for some experienced leads.While the three-month rental minimum in Crystal River may present some challenges for short-term rentals, it's important to remember that Airbnb investing is all about finding the right balance between profitability and compliance with local laws.

When they move out and if their balance is not paid then we hand it to collections, put it on their credit reports, and in some cases seek a judgement.