Hi BP Community,  I have a short-term rental (previously Airbnb) that I turned into a long-term furnished rental because the neighbors house was damaged by a storm.

.- Investment Term: 5 years - 10 years- Equity Split: Investor 80% / Sponsor 20%.- Preferred Return: 8% annually to the investor.- Profit Sharing: After the preferred return, profits are split 70% to the investor and 30% to the sponsor.- Management Fees: 2% of gross rental income annually.- Acquisition Fee: 2% of the purchase price.- Disposition Fee: 1% of the sale price.Option 2: Debt Financing with Equity Upside- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Interest Rate: 6% interest only for a term of 5 to 10 years- Prepayment Penalty: 2% if the loan is paid within the first 3 years- Equity Upside: Investor receives 30% equity of the appreciationWhich option do you think is more attractive and why?

I know if card X is charged, it's the cleaner at my North Carolina short term rental, for example. 

Long term hold for appreciation2.

- Minimum period contract term or agreement?

I was approached by people who are interested in leasing my property long term and use it for cooperate business travel accommodation. 

Yes, especially on your first deal.Please keep in mind that if you choose to go unrepresented, the agent you are speaking with represents the SELLER and has a fiduciary responsibility to get them the highest price and best terms. 

@Eryn Garcia  I agree with @Eli Kantor  the hot tub instructions with photos really saved us a phone call at one short term rental and that is saying something since my husband can figure most things out. 

Scenario:A lender had limited communication with the borrower throughout the loan term, resulting in misunderstandings and lack of alignment on project goals and expectations.Mistake:Miscommunication led to issues that could have been addressed early on, contributing to project delays and difficulties in loan repayment.Lesson Learned:Maintain open and regular communication with borrowers.

A HELOC can work for this, but keep in mind it has a variable rate, so it isn't the best product for keeping a balance long term.