You’ll want to make sure your cpa is well versed in short term rentals. 

Run the numbers you may do better long term or renting as a whole unit.

Last short term rental we put on the market was booked for a 30 day stay first day on the market.

Are you looking to flip or for long term?

Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success! 

I am assuming short-term rentals would be legal in the municipality.

Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?

as if it's more of a risk in midterms than in short terms.

It’s fascinating how land can offer such diverse strategies—from flipping parcels quickly to holding for years and letting appreciation do the work.How do you assess a piece of land’s long-term potential?

I've done it twice in Reno, NV (now I have them both as long term rentals), and it's changed my life.