The energy in the market is shifting, and we are anticipating that the January data reports, which will be released shortly, will reflect this momentum.The chart below shows the annual cycle of decreasing inventory in Q1 every year for the past 5 years.

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

As a medium-term rental, you'd be in better position to be connected with Insurance Company that way.  

After fully renovating both units, I refinanced to pay off the loan and held it as a long-term rental.

Hey Laura,So I can't help with the true GAP funding, but I might have some ideas on how I could help utilizing the seller financing and transitioning it to something long term. 

Once the work was complete, I refinanced to pay off the hard money loan and held the property as a long-term asset.This duplex also marked the start of my short-term rental journey—we ran our first Airbnb from one of the apartments before scaling to bigger projects.

I agree with @Collin Hays especially in a state like NJ that is very one sided in terms of landlord/tenant situations.

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

I agree that the best way to make money is self manage your short term rental (not AirBNB, that is a platform).

Quote from @Elam Fisher Jr: Anyone have experience with mid term rentals in Baltimore city?