If it were to actually REDUCE costs, than efforts would be focused to INPUTS, to LOWER costs which lowers price.

Am thinking of converting a long term rental to a medium rental. 

The only people who benefit are the long term tenants which ultimately hurts investment in the area.  

I also use Hospitable to manage my short-term rentals and have not had any issues thus far! 

I'm particularly passionate about off market deals and adding short term rentals to our portfolio. 

Even if you were, why would someone take these terms? 

And the answer to that is yes, just not through the foreclosure process, you would use a different process.Some states call things by different terms, but look up performance deed, or deed of trust to secure performance, or some verbiage along those lines. 

Negotiations were handled efficiently, securing the property for $80,000 with favorable terms.

My plan is to work on on-market deals and focus on building long-term relationships with agents to bring me pocket listings. 

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?