The idea would be to sell the lots to pay down on the short term mortgage until the house got fixed entirely.

We focus on year leases and sometimes allow existing long term tenants to do shorter renewals if they're nearing the end of tenancy and moving or what not.   

How accurate is the data provided by AirDND in terms of price and occupancy or do you use a different website to analyze deals?

In this blog I explain the confusion with the location of "Shenandoah", regulations, numbers, and an overall introduction to the "Shenandoah" STR market:Short Term Rentals in the Shenandoah Valley What You Need to KnowWhen starting your search for a great STR, the first two things you must consider are the How and the Where.

Those 4 tend to be the most popular sites for mid term rental listings.

Is it like long term hold and wait approach ?

Things like:- having them name you as an additional insured- having their policy be Primary and Non-contributory- Requiring that their policy provide 30 day notice of cancellation- Having their policy waive subrogationThe Tenant should have General Liability, Professioanal Liability, Workers Compensation, Business Auto, and possibly Accident/medical coverage.

It's a means of producing income, not long-term wealth. 

The only way to have leads pouring in is to rank #1-3 and preferably #1 across tons of varied search terms. 

You'd need to agree on amount to hold in escrow, and under what very specific terms they are released to which party.