We will be doing a short term rental on the top unit (3bed/2bath) while living in the bottom unit (3bed/1bath).

Could a short-term private loan with the LLC be a better route to look?

Are they abiding by the lease terms, maintaining the rental, paying rent on time, etc?

Michael,The three options I see to increase your coverage are as follows:1. 

Meanwhile, I'm talking to this guy and he said in his other property, the little old lady paying long term rent, moved out, and within a week, the neighborhood people had broken in, had a party, broke most of his doors, stolen all his copper and HVAC, etc.

(Q2)Another question I have is that since Steve broke the terms of the lease by affecting the other tenants’ “peaceful and quiet enjoyment of the property”, is he obligated to pay the rest of the rent even though he will be vacating the property before the end of the lease?

The numbers also work for the this to be a long term tenant in the down stairs unit to cover part of the mortgage. 

Airbnb’s in this route are hot with some of them having 6 months of waitlist.Does anyone have any experience in short term rentals in Mexico?

Hi Hugo, midterm rental can provide you much more cash flow than traditional long-term rentals.

Prepayment penalties- usually 1-5 year terms.