You don't have to tweak much to take a traditional LTR lease and make it fit an MTR or month-to-month setup.

Typically they are not eligible for traditional financing which implies other funding sources (HML, private Monet, self funded, etc).  

If traditional banks aren't providing favorable terms, consider alternative lenders like HML or PML.  

I've been interested in this type of investment and I'm guessing this is sort of different, since it's not secured by real estate which seems like the more traditional way to do it. 

I just have no idea how the contracts work, financing options outside traditional, etc. would love some help.

If you’re close to $150,000 in AGI, a few ways you can bring that down AGI is by maxing out a 401k traditional ($23k for 2024 tax year), maxing out your HSA ($4,150 for 2024 tax year), and if you have any capital losses from stocks (up to $3k per year), I would encourage you to have great bookkeeping to ensure you’re capturing all of your deductions appropriately on your rental property.

STRs are difficult for a traditional LTR PMC to properly manage!

I do not recall any other fees or charges outside of traditional closing costs and they were easy to work with and communicated very well. 

But if you look into their marketing, socials, Youtube, IG, past sales record on Zillow and stuff you can see if they really are in the investment space or if they work with traditional homeowners.

Most of the "traditional sources" have been flooded with buyers who are overpaying for assets.