I own couple of single home rentals in Tampa Florida and have always wanted to transition from long term to short term rentals.

Id suggest 2 or 3 yr term on both. 

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

Investment Info:Single-family residence buy & hold investment.

I'm Romny from Philadelphia, Im a rookie investor trying to learn everything I can before jumping into my first deal, I think i might be mainly interested in buy and hold multi family but like I said im a rookie so that might change.Outside of real estate, I enjoy Mountain biking.Excited to learn and connect with you all!

I did have the water company for a rental call me as they couldn't get hold of the tenant and the water was constantly running. 

Long-term rental with substantial services provided.

made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.

Investment Info:Single-family residence buy & hold investment.

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.