The loan has a payback period of 5 years in equal installments. 

I do a combo of short-, mid-, and long term rentals on the northside of Chicago and surround suburbs.

As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone  mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.

Early 2017 investment, assumable, high 3s fixed-rate debt with a 5-7 year expected hold period.

New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.

I'm assuming another update will be coming shortly, although I don't expect much progress.

The strategies I'm most interested in are Flips, BRRRRs, small multifamily as well as short/medium term rentals.

In Denver metro area, for instance, the city of Denver only allows short-term rentals in a primary residence.

I am but a short drive in the pocono mountains / scranton area.

Originally posted by @Joe Kim:There are many ways to approach this difficult task of convincing a owner or landlord to rent to you as an investor ONLY to sublease (aka Master lease) the home to furnished short-term rental.#1 NUMBERS GAME:  It's not easy.