@Steven Bowdich-Called around few banks in Wichita & found out 5 year term is normal in that market for commercial loans.

Desperate - experienced, nothing to lose type of situation, and the opportunity is so amazing that it is life changing  (Ah what the heck, he was already on the edge, it may work, it may not, but he was in a desperate situation)I wouldn't recommend it for normal people.

That way you’ve got some skin in the game, and the tenants will be less likely to protest that the other tenants are using more electricity or gas.

Labor is cheaper down there, USD $2.50 per hour, which is normal rate. 

Reach out to professionals for informational interviews; many share their experiences and advice.Everyone starts somewhere, and it’s normal to feel lost at first.

Replace it with a normal fridge.

I would guess that you have little or no experience running any kind of STR, and now want to get that experience on the back of someone else's investment, with little or no personal skin in the game, and that's not a good way to build an investment portfolio.

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

I manage a bevy of STR properties in Costa Rica and from a yield perspective, things have definitely started to return to normal as far as revenue generation goes.

So you will need to have skin in the game.