How are long term rentals doing?

Usually HELOCs are used for short term purposes, so it would make more sense on strategies like flips.

@Tatyana Sherban Considerations are speed, imterest rate and other terms, hassle and complexty of getting loan, and in some cases probablity of getting loan. 

A tenant could stop paying and break every lease term not related to health and safety and you could not evict.  

Most standard contracts have terms for the seller to deliver the property in the same condition, free of personal property, debris, etc., so if you have doubts that your seller plans to do that, maybe reach out and ask if the storm caused any damage that will delay closing, to make them aware you’re not going to accept new storm damage.

Now that they are growing again, affordable supply (in terms of single family homes) can no longer be added due to labor and material costs.

The reason I went with them instead, is Ameircan offers a 80% LTV 30 year long term whereas Century at the time only did 75%LTV. 

The Fed only controls short-term interest rates, and mortgages are based on longer-term rates which are largely at the whim of the market.So, if a refi makes sense today, I would refi today.  

I rented out my condo (short term - midterm) to move in with him, and now he is ready to rent out his single family home (long term).  

Just curious what's motivating them to do mid-term rather than short?