I would hope to utilize this to generate some capital to move into more traditional buy and hold rentals.Does anyone have any experience with this strategy?

I could have received traditional bank financing but decided the terms offered were good even though a bank would have offered a lower interest rate.

I finally got my parents on deck to support my real estate journey rather then the traditional college route.

The laundry room off the garage is perfect as a laundry/mud room.

I offered owners the traditional percentage of gross revenue (30%) AND what we referred to as a “guaranteed contact” which is what you are referring to.

A lot of the houses I see won't cash flow if you do traditional and so it seems to me the only way I would be able to do this is by renting by the room.Thanks in advance

We financed the deal through a local bank with a traditional 30 year fixed rate mortgage.

And it will impact both traditional mortgages and other lines of credit, like a HELOC.

I was at a low price point so even if this fails as a STR I can transition back to LTR and be ok.I avoided the traditional vacation markets simply because in my opinion they're oversaturated and too much competition.

The deal the lenders (hard and traditional) the rehabber and the property management.