This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

Property values here have a steady history of growth, making it a reliable market for long-term investment.2.Tenant-Friendly Laws: While this might seem like a challenge for landlords, tenant-friendly laws create a stable rental market.

Once you do this conversion you can't change it back to a traditional long-term rental. 

It simply depends on your time frame, when you want to actually begin renting the property out short term, and what the loan terms are.

.- Institutional Capital & Private Equity: By moving from hard money to institutional financing, you can secure larger credit lines with better terms.

I'm looking to build around 700 sq ft 2 bed / 2 bath guest house primarily used for short to mid term rentals.

I am a long-term investor, but I also provide services to long-term investors, so my advice is biased toward that option.  

Thanks I hadn’t done a short term flip in a couple years and getting back into the game here in riverside county. 

What would one of you suggest for a medium term operator whose tenants may be over using a specific utility like gas or electric.