My wife and I are passionate about real estate and looking to purchase our first long-term rental property (small multi-family).

@Zach Chandler if you are going the self-manage route, which I highly recommend because it’s simple, as @Gerald Pitts mentions, use the Short Term Shop’s ‘Enemy Method’.

There are 100's of real estate podcasts out there and honestly I have found many that are better than BP as they have people who have been in real estate and business for a very long time and could run circles around some of the hosts. 

If you're goal is to keep it, you could take a short term personal loan or cash advance with your credit card.

Hi @Asif Ali Kabiruddin RajaniBeing a non-resident, I only invest in short-term rentals because, given my current situation, it's the only strategy that's profitable enough and not too risky.

I’m currently observing an interesting trend in the Central Florida market where a noticeable number of short-term rentals are being converted into long-term rentals.

(I bought it 3 years ago)I'm trying to see how long in the future I will need to do another gut renovation, so I can start saving up some money toward it.Things are in pretty good shape.

Also, hearing the same terms over and over and over really helped. 

Like Caleb's response, in Florida, a landlord can't terminate a specified lease term on grounds the the landlord wants to sell, unless the lease provides the landlord with that termination option.

The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."