We purchased a property in Flagstaff, AZ in a golf community about 5 years ago with the thought of doing short term rentals for periods when we were not using it.   

Cap on 3 in a rolling 12-month period. 

There is usually a seasoning period.

Hey Everyone, During our due diligence period, we found that we will most likely need to bring up an older building to code in order to build out an existing structure to multifamily in Tampa, FL.

All tax sales in Texas come with a redemption period. 

We plan to fix up units (some are fairly dated), raise rents as tenants move out and then refinance once our seasoning period is over.

The majority of lenders require a 6 months seasoning period.

For a long time this was not the preferred way because of the short holding period. 

You can bet on your tenants being in place over the next year and that cash flow coming in over that 1 year lease, but you can't be sure how the stock market is going to perform over that same time period. 

You will have to intend to live in it for a period of time over the year.. but the rental income that you mentioned to them will most likely make them say it will need to be reclassified as investment home.FYI- loan level pricing adjustments on second homes are changing April 1st this year which means rates are going to go up on a second home (pretty dramatically actually).