So if, for whatever reason, laws change and you can't rent it out on Airbnb, etc, it still cash flows if you need to rent it out to a traditional long-term tenant. 

PMs can minimize their suffering from unrealistic expectations by showing comparable properties that are on the market for rent and having a discussion with the landlord as to how their property compares and how his property can be more attractive to renters.Landlords are running a business. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Maybe they are offering financing because no traditional lender will lend on the building. 

I'd like to know your thoughts/advice on how to compare long-term and mid-term rentals.

When I say i've never had this issue, I mean- Even in the D class neighborhoods i've owned properties in, i've never dealt with vacant apartments for this amount of time.If you're comparing the 40 unit building next door to mine with security, it's sort of like comparing apples to oranges.

You have to compare your expenses with each management style and find the option that works best for you.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

As an investor your ratios won't look good to the traditional lenders.

Compared to other towns in Oklahoma.There is also an army base in lawton which helps keep the population high and another reason why the rental demand is high out there!