I’m looking to purchase a 10 acre parcel either in Columbus, Dahlonega, or Helen.I’d like to live on half the land, and develop the other half into five A frame luxury short term rental units. 

Financing for RenovationsSince the property needs a full gut job, consider:Hard Money or Bridge Loan: Short-term funding to acquire and renovate, then refinance with a long-term loan.Private Money Lenders: Individual investors willing to finance the deal for a fixed return.FHA 203(k) or Conventional Renovation Loans: If you qualify, these loans roll rehab costs into the mortgage.3.

The short answer to you question is yes. 

I prefer the mid-term over short-term rental all day long now. 

@Allen Zhu if you are refinancing out of a DSCR loan, you don't typically refinance into short-term hard money loans.

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

Quote from @Anil Shah:  Short answer - if they originate a loan that they want to sell to Fannie Mae and Freddie Mac, they need to follow their guidelines.

The strategies I'm most interested in are Flips, BRRRRs, small multifamily as well as short/medium term rentals.

Old post, but in the short-term the world changed with the recent passing of HR 5376.

Underestimate the costs and come up short needing the funds?