The location is ideal, as it’s situated in a neighborhood that permits short-term rentals (STRs), making it a great investment opportunity.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Hey @John FriendasI have purchased 4 of my Co-Living (rent by room) properties with DSCR, 1 of them within the last few months.Not that I necessarily recommend this, but there are short-term-rental DSCR products.

I've done some negotiation with the seller already and we've agreed on the broad terms of the deal.

As a Ny'er We chose to invest completely OOS as Ny landlord tenant laws are not the best if you are considering holding long term. 

To markets where you’ll gain long term tax free wealth. 

He intends to turn it into a short term rental. 

RE is supposed to be a long term investment and an asset you hold on for a long time and take care of4.

.- Short-Term Rentals in Non-Traditional Markets: Secondary markets like Florence, Alabama, are ideal for short-term rentals.

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.