He intends to turn it into a short term rental. 

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

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.

Like to learn about long term rental

While short-term rentals in areas like Kissimmee, Florida, can pay for themselves and offer lifestyle benefits, the ROI typically doesn’t match what I see from my traditional portfolio of long-term rentals in North Texas.That said, short-term rentals can still be a great choice, especially if you're drawn to the area and the opportunity to combine personal use with investment income.

Just starting out and excited to be here... I'm looking to find fixer-uppers and/or rental investments for starters. I would like to find a mentor/agent who has experience with Foreclosures (HUD) who would be willing ...

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.

I am on pace to finish the course before the beginning of March and my short term goal is to join a brokerage firm before May.

Thanks for coming out and joining us - we have some new events and workshops and training that we will be adding shortly - look for a couple of virtual workshops a month and a get started training program to be implemented before the end of the year. 

The longer the better, but keep in mind that many of these structures have severe prepayment penalties so using 10 year debt for a 3-year hold creates a problem.