Next, we tried RESimply, which was robust but not very user-friendly, especially in terms of automation.

This can be a game-changer for short-term deals without the usual delays.

The days of "my word are my bond" are long gone, particularly in larger communities where other agents don't know you personally.

Curious of a few things for those that execute this strategy currently:-The city the property is in has a no more than 4 unrelated people rule, would that be an issue for me if all bedrooms were full or does the fact the basement tenants would be short or medium term save me?

Most redeem and at 9% interest I would lose anywhere from about $25 - $50 on each lien depending on how long it took to redeem.

Additionally, strong credit, a solid track record in similar projects, and a well-detailed plan for the rehab can also improve your chances of securing favorable financing terms.

I am trying to determine now whether I back out of this deal or think about the long-term potential. 

towel bar bracing, door stoppers, easier to access and adjust plumbing, will all make long term rentals easier.Best of Luck!

But ultimately you can give a tenant notice if there is excessive screaming and yelling that if they are not able to maintain a quite environment you are going to have to ask them to leave due to violating their lease terms (presuming you have something in your lease like that).  

LauraWe have listed two properties as mid-term rentals in the LA area for 3-4 years now, exclusively through FurnishedFinder.