This is the term for a rental property that is being leased out by the day or week rather than a traditional long-term lease.

Some are out of state (lots of buyers from California), others are AZ residents just looking to diversity from traditional stocks/bonds, and I'm helping other buyers use low down payment programs to purchase a 2-4 family to live in one of the units as their primary residence. 

  #1 - Of course traditional, hard money lending, FHA loans are but a few of the options to purchase such homes. 

We were going to go the traditional mortgage route, but I recently listened to an early podcast that explained Self-Directed IRAs and it sounded like something to look into further.In searching the BP forums, it looks like there are these Solo 401k's that people suggest too, but need to be self-employees in order to qualify.

At one house there was a trim board below the back door threshold that allowed termites to get to the door frame without leaving a telltale mud tunnel on the foundation.

Then spends an hour lecturing & showing my wife how to mud drywall corners.Plumbing inspector arrives wearing a distinctive but impressive pro-Trump & NRA tee shirt & passes all but the shutoffs to the upper floor 1/2 bath as they require bleeders.

With that said, buying investment property all cash with no loan is your best best for the highest returns and the quickest/cleanest closings.2) Traditional financing (i.e. conventional, FHA, or VA) would not be the best fit for this strategy.

This tenant will be treated by the court system the same way a traditional tenant would.

The interest rates are higher, but they will be able to help you acquire rehab properties that won't pass a traditional appraisal.

You can do this traditionally through a banker, as well as explore other options as you network.