I have additional questions but am running short of time drafting this post.

Depending on your current rate or if the current loan is short term or long term.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

and also like what I do Utilize as STRs: You furnish and list these properties as short-term rentals (STRs) on platforms like Booking.com or Airbnb.Generate Cash Flow: The higher rental income from STRs, compared to long-term rentals, allows you to cover your mortgage/lease payments, generate positive cash flow, and potentially have funds left over for further investments.Positive Cash Flow: STRs often generate higher rental income than long-term rentals, allowing you to cover your costs and potentially profit.Tax Advantages: You can often deduct expenses related to your STR business, such as mortgage interest, property taxes, and maintenance costs.

Most HOAs in this area don't allow short term rentals, only long term tenants. 3) Make sure you have a great team to guide the transaction so nothing gets missed!

A number years ago, I went to town buying a bunch of rentals in a short period of time and I can assure you they took money from my family instead of putting money in my family pocket.

As an owner of several short-term rental properties, when my guests have an issue at one of my properties, I do everything I can to make it right.

That's just life.We had a situation where one tenant had been living at our property for years with several other tenants below them over that time period. 

I believe that connecting with experienced investors and fellow newcomers will be invaluable as I navigate this path.I am particularly interested in short term rentals, multi-family rentals, and possibly fix and flips. 

Make it your business practice to post the notice to pay or quit precisely on the day after the grace period ends, every time.