Or does your financing terms require you to do something else (which is why we need to ask question #2).Maybe the original poster will respond as well but those are the 4 items I would tell you to uncover.  

Why Part of a Good Deal is Better Than 100% of No DealHey BiggerPockets Community,As real estate investors, we all want the perfect deal—the one where we control everything, make the most money, and have the best terms.

I would assume a greater emphasis on quality of materials and workmanship (and consequently higher rehab cost) for a rental where the investor will have to deal with the longer term implications of any corners that were cut.

I’m always open to collaborating on innovative ideas and projects that align with our long-term financial goals.

House Hacking, STRs, Mid-Terms, and BRRRR are all solid strategies to explore.

@Scott Trench - have you considered investing in short term rentals, materially participating, and having the average stay be less than 7 days?

Many investors in your situation also explore seller financing or subject-to deals to minimize upfront costs, especially if they find a seller open to creative terms. 

Thanks in advance Hi Andrew, You will generally have better terms going the conventional route.

However, when the first buyers failed to come through with cash as specified in their terms, the seller pulled out and offered us the opportunity to purchase the property at the asking price, and we did.

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.