Now I have the opportunity to buy another co-op (the one next to mine), but I don't have more cash, maybe I can apply for another HELOC to get around $100K, but still will be short for $50K since the asking price is $150K. 

From my experience with long-term rentals, relying too much on transient tenant flows like students or short-term employees can be risky.

There are pros and cons to long term and short term from a rental management side, and purchase/acquisition.Long term = lower vacancy, lower expenses, potentially lower revenueShort Term = higher vacancy, higher expenses, potential for higher revenue, financing is more expensive than long term rentalsWatch out for local STR regulations, they vary from city to city.

Now i plan to buy a house that need renovation to force the appreciation,then resell shortly. 

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

The long-term treasuries are screaming higher rates and inflation being heavily persistent, which usually means underlying house values will go up but I don't think we see that if wages aren't supported in the short term.

The short version: looks like it will cash flow on paper but in reality with repairs and potential tenant issues it won't, very affordable purchase prices (Indianapolis range is $120,000 to low $200,000 depending on the Class C area or distressed properties under $100,000, many times older homes with sewer line and foundation issues, stolen AC units (get a cage for the unit), Class C is volatile.

I just purchased my first Short Term rental and am looking into Smart Home Devices.

Hey Renee,It depends on your short term and long term goals.

Long-term investors, in particular, might be willing to take on the higher short-term challenges for the prospect of substantial appreciation down the road.3.