We have clients that have used FHA regular and 203K loans in areas that they would not necessarily want to live forever, but it was a means to an end. 

Inspect regularly.

Do a regular lease.

I find investors are just as much work and sometimes more than a regular buyer and seller. 

More than likely, your Landlord goes down those roads on a regular.

I was going to run an STR in the home and he would enjoy a higher rent than from a regular LTR rental AND he would have the property managed too.All was going beautifully.

These remaining assets will be owned free and clear, without any mortgage debt, and will begin generating consistent cash flow, which will be directed towards regular investor distributions.This transition represents a significant milestone in our strategy to streamline the portfolio, reduce risk, and ensure healthier returns for you all.Looking AheadAs always, we appreciate your trust and confidence in Poly Capital Group.

No matter how you cut it, you will get a higher return by doing STR than you would by doing regular rent. 

You'll have depreciation of roughly 20k a year for the next 27 years so that means your 5k profit will be tax free plus you can offset your regular income and maybe save 3k in taxes there.

Yes if you mean support yourself after you finish your regular job effectively using rent as a pension.