@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

It should include details like the purchase price, property description, and terms of sale.

David, this deal could work, but I’d want to dig into a few things first. 80% occupancy with long-term tenants is solid, but what happens if a major tenant leaves?

Quote from @Samuel Coronado: Huntsville long term will get a better % ROI than Atlanta.

What’s the current loan balance and terms with the hard money lender?

Along those lines, if the owner gives you a very FIRM "NO" when you present your proposal to rent their home for the purposes of doing STR (short-term rental).   

@Scott Trench - have you considered investing in short term rentals, materially participating, and having the average stay be less than 7 days?

I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage. 

I'll be looking for long term rentals that don't need any major repairs initially.