Then they work with a lender to get them ready to get the long term loan to buy the property.  

However, I notice that Personal Injury is not included and I'm thinking that may be important to have for a Short Term Rental.

Most of the “deals” have no meat left on bone except for maybe a long term rental hold after repairs.They ironically sponsor a lot of the meet ups I’ve been too here in DFW. of course they do they live and breath on newbies..  

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

Quote from @Bryant Xavier: Hey, Charan.Welcome to the world of short-term rentals!

These lenders originate their loans and hold them to maturity, like us, or they might sell them one at a time to an investor like you (?).

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

What loans are recommended?

2) Are you getting the loan with your personal guarantee or is it non-recourse? 

(Even went beyond the second page of Google.)I have an investor who wants to partner on a deal by providing a loan for the down payment.