A Bank statement program would do wonders, 10% down minimum is industry standard, if you have a solid credit score,15% down will get you really good terms, however you still need to qualify DTI wise.Best of luck!

I bought this property in college, renovated it while renting out the spare rooms and no use the property as a long term rental.

The bitcoin strategy (short term) has been magnificent.

It is a nightmare evicting deadbeat tenants, so when they are out I will only go back to AirBnb, short term rentals in the future as Vermont has laws very favorable to annual leasing tenants.

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

How are long term rentals doing?

The long-term plan was to convert the garage to an ADU for future cash flow.I'm seeking advice from fellow investors.

Now, we do live in a small town, touristy area that does lack in nicer/unique short-term rentals. 

Most standard contracts have terms for the seller to deliver the property in the same condition, free of personal property, debris, etc., so if you have doubts that your seller plans to do that, maybe reach out and ask if the storm caused any damage that will delay closing, to make them aware you’re not going to accept new storm damage.

Total cost significantly below their current monthly rent.3- If you have to 'give them' to the current tenant to get them off your books then do if it makes sense long term.  4- Don't do purchase contracts longer than 18   months.