Quote from @Andrew Lawlor: I've been actively investing in short-term rental properties for the past three years, managing one live property and another that will go live in two months.

@Jaycee Greene I think if I did a long term rental it would rent between $2k and $2.3K.

If in the rare chance they do allow short term rentals in the HOA rules/regulations and association documents, don't be surprised if they change that ruling after you buy. 

These type living arrangements are primarily short term until user circumstances change

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

@Jon Martin  I agree and in short term its just not worth what you will get in reviews for something like this. 

Im working out what that would look like in terms of price point.

We are currently under contract on one of the lots.

If you ever see someone offering terms that are too good to be true, you might as well just post your SS# and banking information on IG.