Fortunately I stopped borrowing on bridge debt a very long time ago so I've managed to avoid some of the distress you are seeing today as these bridge loans are maturing. 

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.

To be frank, out of all my syndication and private equity investments, NB/NBPC has been the worst performing in terms of communication and responses.

REI is a long-term venture; if you cannot hold this will be a very difficult process.  

I'm also planning to list the property on Furnished Finders to target the mid-term rental market given the property is so close to a hospital. 

TurnKey, Buy-and-holds, flips, or maybe long-term rentals?

NO equity no bueno.. long term rentals NO good either. 

Honestly with an interest rate like that you could even not pay off your primary and put any excess capital in a high yields savings account and be financially further in the long term.  

I have a variety of contacts and I'm pretty sure I can get in touch with destressed property owners long before auction day (years before auction day actually).