Outfit the space as turnkey for an appropriate business (smoothie shop, dry cleaning substation, etc.) and sell the “business” with a small down payment, receiving a monthly payment for the business payoff + rent/3.

I would think a lender views the STR as a higher risk simply because a long-term tenant has a defined lease in place, that is usually 6 months or more in duration.

That is $205/month or $2,460 a year more!!

My priority these next few months is to connect with experienced RE agents and investors to learn the nuances to prepare and capitalize accordingly.

You agree to pay the monthly Rent indicated above via deposit to the following checking account at XYX Credit Union: account # 123456; routing # 123456  (nearest branch is 123 Main Street, CITY).

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

@Ashish Garg Hey Ashish, we have outsourced our guest services.

An investor uncle said he could deed the house to me and include a promissory note that he would be paid by a specific date (4 months). 

What I really like is that its a 9 month term instead of 6 compared to most HML's.When I look at how much I pay in points with them, I definitely wouldn't say its "too good to be true".

Work to save a lot of cash (Which I just reduced my 401K savings rate to only cover my employer’s full match so that’ll be a couple hundred extra each month and I’m about to fully pay off my car in six months and that’ll be an extra $500/mo.