Bridge Loan to DSCR – Consider a short-term bridge loan to fund construction, then refinance with a DSCR loan once the property is completed and leased. 4.

Setting up direct bookings is a great way to save on fees, but you’re right—it requires extra effort to ensure everything runs smoothly.For vetting guests, start by asking a few questions when they inquire, like the purpose of their stay, how many people will be there, and if they’ve stayed in short-term rentals before.

Out-of-state investing makes the most sense for me—it’s impossible to cash flow anywhere near me, and moving wouldn’t make sense because I wouldn’t be able to earn the same wages or find the same kind of jobs.Before this purchase, I already owned two properties: a long-term rental outside Houston, Texas, and a short-term rental in the Sierras in California.

Yeah the law changed I believe back in 2020.You cannot do short term rental with an HPR unless you own both sides.   

It sounds more like you want to do work for a short time and have success without knowing much.

@Asim G. if owners weren't so short-sightedly cheap, PMC's wouldn't be doing this!

While the same comments would apply, the previous Portuguese government enacted a law in 2023 that severely restricted certain types of short-term rental in certain areas and that law has been abolished by the new government because they realized it wouldn't solve the problem.

In the short term, it will be more painful though.Personally, I'm not a fan of enabling bad tenant behavior and in life you get what you tolerate.

The short answer is: file form 1099-NEC. 

As the new owner, you’ll want the lease and your landlord insurance policy to take effect as soon as you take title to the property.Temporary Lease Considerations:While short-term leases can work well, leasing to a seller long-term often leads to complications.