If you’re planning on holding the property for a long time and betting on appreciation, consider how you’ll manage market downturns or potential shifts in the local economy.

As long as everything is recorded correctly and all documentation is done, there are ways to do this. 

You should be able to find some good options on here so long as appraisal is sufficient and DSCR min is met 

If it's vacant, then thats a long time to sell.

Once you've narrowed down your options, decide if you prioritize rental income, long-term appreciation or a mix of both.

If we do a long term rental lease we're worried the place will get destroyed by renters.

Read "Long-Distance Real Estate Investing" by David Greene.

How long have you been here?

If you're using hard money simply for the purchase and plan to refinance, the hard money would actually require less than long term financing.

Here's a rundown of our current financial situation and REI experience:Current Properties:Short-term rental in the mountains of NC:- Owned outright- Grosses $2-4k per month- Valued at $400kCondo in Charlotte, NC (long-term rental):- Owned outright- Rents for $2.9k per month, cash-flowing $2k per month- Valued at $350kPrimary residence:- Located in NC- worth $800k, owe $200kMy wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties.