But then if you can live off other income and pay those suckers down, now you're talking free and clear, nothing but flow in a relatively short period.

Can you guys tell me in a short story what is the process to get a loan?

But I wouldn't recommend you go this route.Besides all that mess and possible liability, it's only a few months, so now you'd have to find a short-term renter.None of this sounds like a good idea.

More problematic is your loan, if you’re getting a loan for a second home and it in fact is going be a short term/long term rental.

Ok, long story short (and I can fill you in on story details if you would like), but here are the facts.

I am wondering if this is the same case with a short sale?

I am new to getting financing on properties as my other 2 properties I was lucky where the seller let me do payments to them directly on short 5 year loans at very reasonable interest rates.  

It sounds as if he's operating like a short term rental.Also if the units are being rented weekly how on Earth is a tenant several months behind?

I'm also curious if anyone had any luck with short-term rentals. 

Colorado Springs is finally getting around to drafting an ordinance for short-term rentals/Airbnb/VRBO, etc.