Does anyone know of a lender in TX that has more loose rental terms? 

We dont deal with one off JV folks we only look for those that I can establish long term repeatable business with.

I also thought about buying two houses in the same deal, but my long term broker (the 30% broker) who said they can not do that. 

Sometimes its nurses but it casts a wide net so you get all types of people who might need a mid term rental. 

While they are legal from a building department view point, if there are complaints from neighbors about you renting it long term, it could create issues with zoning.  

The 6 homes would be kept long term.

A year of rent sounds great on the surface but I'm wondering why they wouldn't just pursue a normal year long (long term) rental...maybe they've been bad renters or have bad credit or low income.

Evening, I am in the process of acquiring a short to mid term rental in the somewhat local vacation/ tourist destinations in my region.

I don't remember the exact term, but there is a category of insurance providers...

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%