I have a friend in that business who would be using his own money and charging at his cost.Yes, my goal is to put $835K as my long term down payment and finance the rest so about $630K loan amount.

If there were any written agreements between the developer and either realtor, the terms of those agreements would come into affect not that complicated.

If they acknowledged you had a verbal agreement before, just have them tell the tenants they made a mistake and sign a new lease with you as the landlord, same terms.

I’m willing to not make any money off the first deal if the investor is looking to work with me long term.

My wife and I are looking into investing in short term rentals in vacation markets surrounding NYC (Catskills, Adirondacks, Poconos, etc) and just wanted to check if anyone here might have some insights they could share.

The government is the one providing the tax benefits, so therefore the government is allowed to set the terms of it.  

Essentially, a shorter term allows them to pay off their debt more quickly.

Home prices on the other hand adjust to the cost of labor and materials.

I have never managed anything other than what has been in our own portfolio which is 3 (although we just closed on our 4th and are going to BRRRR it) long term rentals and 3 short term rentals.

This will make things easier for the tenant and myself, especially if I decide to furnish a few units as short-term rentals.