Hi John,Pricing for short-term rentals inFt.

Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

How is it doing so far as a short term rental?

I'm now aware of any "lifetime" limits for FHA loans, but you're required to live in the property for at least 1 year after the loan starts.

Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?

The agent also stated that because the seller is behind, the loan cannot be assumed.Questions for the Group:Is it true that a VA loan cannot be assumed if the seller is behind on payments?

My initial reaction is that given today's higher interest rates I don't think $100k income will support an 800k loan because the loan payment on an 800k loan (30 Year Am and 7% interest)  is about $5,000 - $5,500 and your income is about $8,300 per month.

Any advice is welcome.In my opinion, if you can go conventional, most of the time it is a better choice due to the better interest rate and terms.

I’d also look into using an FHA 203k renovation loan, allowing me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

20% down is available, 25% down will bring significantly better terms in a lot of cases.