Would you keep for the long term or sell this property?

I believe the primary issue is the 20 year term on a typical commercial loan.My current focus is on buying and hold duplex properties, and around me that put the total acquisition costs around $200-250k, with total monthly rents being 1.0-1.3% of the purchase price.  

This typically will not vary by lender.15% down for condos/condotels in destination areas.  

I am looking into longterm vs short term rental options as well as financing options.

., etc.) will not increase your opportunities for attractive financing and typically restrict you to the private money market (low LTV, premium rates and higher fees).

Some long term holds  NN  building and rentals that have zero debt..

As I get into short-term rentals, I’m curious: What should I look for when picking a location?

Long-term rental with substantial services provided.

It yields a higher quality clientele reducing the risk and these areas typically appreciate better over time. 

Long-term goals, networking, and a solid financial plan are essential.Good luck!