Through my giving to the church, God blessed me with this amazing steal of a house.

The basement meets all the criteria for a dwelling unit in Chicago, but we need to go through the re-zoning process.In addition, we have old R22 forced air units that we want to replace with a heat pump.

However, the Houston Housing Authority recently lowered the payment standard significantly, by over $1,000 per month, which has made this strategy less viable.Now, I'm considering mid-term rentals (MTR) for better cash flow and less management compared to short-term rentals (STR).

Thoroughly through all the leases.

Follow through on the towing if it happens again. 

When there is a recently acquired long-term rental, lenders can simply throw in the lease agreement and use 75% of the rental income from that, but on a short-term rental, there is no lease agreement, so the only way to document what the actual cash flow is, is by using Schedule E of your most recent tax return filing. 

I imagine I would have to go through bridge financing and refi out once stabilized if I can't assume the existing.

Feel free to contact me through inbox or reply to this thread.

You can do searches through this website.

It certainly could improve your cash flow but it won't help with finding prospects, screening tenants, maintenance, deposit dispositions, etc.