Where you may run in to trouble is if the down payment assistance is through the medium of a recorded lien. 

My partners and I are looking for a qualified PM company to manage a small to medium sized B/C Class Apartment in the Charlotte, NC area.

Also in Cleveland at least in the C class area I’m in, medium income is about 40k.  

For example, if it is a small townhouse, I can tell you from experience the going rate for a new 30-year roof if $8,000 to $9,000, and a roof on a medium sized house is $12,000 to $13,000.

I rent the top unit as a MTR, but was originally going to rent it as a LTR.Here was my thought process:1) if renting as a MTR became too cumbersome/timely, I could always rent my 1-bed as a furnished LTR. 2) If as an MTR I could generate extra rent that would cover the cost of furnishing the unit within the first 3-6 months, that was a good ROI to me.You have a bit of a unique situation because you’re describing a very large unit.When I have a vacancy, I post on FurnishedFinder, within local Facebook groups for renting apartments (including local community pages), and I will even post on the typical rental listing websites like Zillow (I mark the checkbox that say it is furnished).Local housing agencies and insurance companies may also need to relocate families who are displaced from their home for medium length of times.

I’ve stayed in a medium term rental before and the owners told me the rent will be higher on months 2 and 3 to offset the higher usage costs. 

I keep my base rate higher now simply because i know that eventually it will lower to catch that happy medium of price and quality of guest. 

For me it's a "no brainer" from the market growth potential, I've read that the area expects roughly 10% per year for the next three years, the area has a good medium income, and a high rental vs ownership ratio. 

Of course, you are not going to be seeing the type of cash flow you would see on an STR but it is still an incredible start for anyone your age to own more than one unit and be renting them out on a medium-term to long-term basis.

Yeah my plan is to utilize only Medium or Short term tenants to maximize profits, a lot of the numbers don't work out if I use Long Term tenants.