As a model, Techvestor syndicates (uses investor funds) to acquire, fit-out and operate short-term rental properties for profit in select markets across the US. 

In terms of exit strategy, I intend to keep the property long term. 

Quote from @Ravi Ramu: Hello Everyone,I'm hoping to get some advice on obtaining a short-term rental (STR) permit in Tobyhanna Township.

In terms of your grandfather living there as long as he's not the owner having a dwelling fire/rental property insurance policy is appropriate.As @Greg Scott pointed out he should have a renters insurance policy whether or not he's actually paying rent.In terms of liability coverage, that depends on what you have to protect so there's no one-size fits all approach.

For example, let’s say the appraisal comes in 10k short of the sale price.

greater increased equity and since holding rents have increased greatly.

Investment Info:Single-family residence buy & hold investment.

Now, this is not all agents/realtors, and that's why it's imperative to find someone who you trust and looks to build long-term relationships, and not someone just in it for the quick money, but it definitely was a chunk of them.

It's Alot I want to dive into that will benefit me income-wise short term long term.Looking forward to connecting with you all.

BP community - I am an out of state investor considering long term rentals in the Grand Rapids area, more specifically Eastown / Midtown neighborhoods.