The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.  

Additionally, I'll continue to build equity in the other home with a renter.Now, I may be able to make $10,000 if I sold the home but it just seems as if building the equity would be a better option. 

When I read about it and look for information online, it seems like additional rules and paperwork but I'm not sure about true and immediate enforcement.

The issue is that it is considered commercial and most banks now will not lend on STR.Can someone point me in the right direction of who I should contact or where I should explore?

Exploring owner financing possibilities with a clear understanding of both parties' needs and legal implications could be a good starting point.

& Birmingham, Alabama.In addition there are tons of other turnkey markets out there besides those listed above.

Additionally, you are then able to fix the problem without involving engineers and other costly expenses -- when a decent contractor could've remedied the foundation issue. 

Quote from @Divya Santhanam: Hi everyone,My husband and I have been exploring the idea of expanding our real estate portfolio, which has primarily been in Southern California.

With a $250k budget, you might need to explore smaller markets or consider condos/townhouses.

Duplex, triplex, quadplex: Another option is to purchase a multi-unit property, such as a duplex, triplex, or quadplex, and rent out the additional units.