If your mother does not want to carry the note long term, there are GSE renovation loans that can be used for both purchase, rehab, and permanent financing all in one loan.

You can offset other passive income of gains with depreciation from your long-term rental.  

Short term rentals are legal when the host is living in the same apartment as the guests and there are no more than 2 guests staying with the host."

I tend to shy away from homes over ~20 years old to buy and hold for long term renting.

If you plan to live there in the winters, you might have a hard time doing long term rental outside of that and finding a new tenant every summer.

Quote from @Urvesh Patel: HelloI am new to Cleveland and I am thinking to diversify my real estate portfolio by testing out medium term strategy for the travel nurses in Cleveland around Cleveland Clinic. 

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

@Lina TruongStarting with mid-term rentals (MTRs) can feel daunting, but breaking it into steps makes it manageable.

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?

.: Quote from @Jennifer Turner: Has anyone ever sold a property with seller financing then later extended the repayment period or modified the terms of the loan with the buyers?