There are also other ways to cash flow such as negotiate a rate buy down in a house hack, seller financing, or buy a less expensive home. 

For instance, the below cute Airbnb between Denver and Breckenridge is projected by AirDNA to make $55k but is actually pulling $85k.Likewise, the below client's short-term rental in the mountains west of Colorado Springs is grossing double their competition.If you go it yourself, I agree with @Patricia Andriolo-Bull.

Are you bullish or bearish in the short and long term, and how are you planning to adapt?

There are just too many variables to consider.So, just make sure your calls are short and sweet: Get the high-level facts and then wrap it up!

It is the most common contract I have seen, or speak with an attorney and have them draw one up specifically for your needs that may be a little shorter if you are speaking with sellers directly. 

We have over 5 years of experience owning and renting long term and recently short term as well.

Direct from seller, the MLS and a lot on Facebook market place. 

Was the property disclosed to you by seller as having paying tenant in place ?   

I've heard the Short-Term Mortgage Shop can help with that.

It was rejected due to it being a conventional loan and the seller is looking for cash only offers (septic system needs to be replaced).