I've done all of the above, so DM me if you'd like to discuss in more detail.

We would lend 75% of the as-is appraisal on step 1 which is a short term bridge loan. 

Working to systemize this business to run efficiently with future limited supervision to then take the cashflow/profits to continue investing in building our long term rental portfolio as well as invest in other business endeavors.

All a mid-term rental is someone staying not permanently but longer than on vacation.

I am from out of state so wanted less maintenance in the short term while I build my portfolio and grow to the point where I am comfortable hiring a manager!   

It might be just me... but I don't think long term rental might be the move here. 

Feel free to reach out with your scenario details.

I think we will see more "adult" families living together...kids move back in or parents move in with kids.The traditional apartment model was based on 12month leases, but jobs are not always 12 months and people want flexible terms, so co-living often offers that.Seems like younger people between 20-30 and some other age groups don't want to get married and start that housing pathway our parents and grandparents took.   

You do not need a court hearing to move forward.You can read my book to get more details, but you essentially have a couple options. 1.

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!