My plan so far has been long term rentals, but, recently, the idea of short term rentals crossed my mind.

I did find one property that I would love to work on but I know it's going to get a lot of offers as it's the perfect flip so fingers crossed!

I have done this in GA.The long answer is still yes, but  make sure you dot all I's and cross all T's to the the barment and before entering make sure the house is not occupied. 

Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The names can be cross referenced with their mailing addresses in order to return their contact information (wireless numbers, landline numbers, and email addresses) you can then call or or text those prospects.

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The concept here is to buy a **** house that makes you $200/mo, cross your fingers it appreciates in 3-5 years, cash out refi and buy another house with it.

Yes, I could scale up quicker because of the low costs, but I'd much rather have a smaller portfolio of higher-profit units.If you intend to self-manage the property, I'd immediately cross out everything that is more than an hour drive away.

You can cross collateralize other properties into it 

Fingers crossed that it closes soon and keep my losses a little lower.