If they end up being longer term tenants I will ask them to do it at certain times.

Purchase price: $390,000 Cash invested: $150,000 Rezoned to allow for ADU and am currently finalizing plans to add a second story and redevelop the 3-car detached garage into an medium term rental with an ADU above the garage.

@Timothy YangCosigning with family members can offer larger down payments and easier loan terms, but may limit future credit or access.

You can advertise it yourself and see if youre able to get any potential tenants and once you do I'd advise for you to hire an attorney to draw up a lease agreement including your NNN terms. 

I'm assuming you're talking $110k cash and not an amount you'd be pre-approved for?

Rising labor and material costs2.

Not sure if he goes to Austin or not, but I have used Jack Matson - Jax Aerial Photography - for our mid term rental in Temple.

Just under the 1% rule at close, but we plan to convert 2 units into furnished mid-term rentals at premium rates.

No experience with short term rentals or dealing with tourists.

Any tips for negotiating better terms with sellers?