(Not that they actually set mortgage rates - but they influence them.)You now know that as you look at 2/1 houses that anything priced near or above $145,000 isn’t worth pursuing in the short term… so you look for ones that are cheaper than that.  

It really depends on what strategy your trying to implement as some areas are better for STR/MTR then long term and vice versa.

@Jay Hines I'm not sure that's how people would refer to wholesaling in terms of an investment strategy. 

Honesty and transparency is simply a profitable, long term strategy to build sustainable source of income and not end up with huge fines or, worst of all, in jail. 

With the hefty down I'd aim for a lower I/O rate of 5-6%..Conventional terms would be in the high 8%'s.

But then, as short-term rentals became ever more popular, Americans tourists started thinking wait a second "We're paying so much for staying for a week at that short-term rental.

I've only had short term guests through VRBO and did not have require background checks.

It would fix your cash flow problem, but that comes with the furnishing expenses and a little more work than long term rent. 

Makes sense since those that are on the market can be found more easily, although even with them, there’s still a lot of improvement to be made in terms of how we can find/filter them.

Usually, mid-term leases are a reasonable option for people in this profession but there are so many other professions/needs that most people probably don't target that worker specifically.