I would try to find a short term/mid term rental friendly agent who might be able to give you super accurate feedback on the market

Quote from @Matthew (Mateo) McDaniel: A hard money lender is typically used for short-term loans.

My wife is still hesitant about long term tenants, but I think she is coming around.

I'm entering Austin shortly as investor.

Need a new roof in a 3-5 years, you probably want to be pretty liquid (year long CD, Money Market, maybe very short term bond fund etc) for those funds.On a condo board 15 years ago, I  was once able to get us into some nice CD's a decade ago that laddered with the useful life of components.

I like the idea of short/mid term rentals more then the long term...one big reason is not having to move all of his stuff...or at least being able to take my time.

You can hypothecate collateral from one person/entity for use by another person/entity, but you might want to borrow the money as a home equity loan (fixed payments and term...one time funding) or a home equity line of credit (HELOC).

@Austin M Habichi think the short answer for a new investor is... no.can you house hack? 

Hopefully, if that situation arises, the notice results in attitude correction and the lease can continue uninterrupted.Having said that, if the eviction is 5 years ago, I'd probably accept the couple - but let them know I'll be keeping them on a short leash.

For at least half of nearly forty years life I've lived and invested in property within a block or short walk to the beach in South Florida, Southern California, Southern Oregon and Northern Baja Mexico.