In the right short-term situation where you can buy them out quickly by refiing the property as you suggest I think it works well but those deals are very hard to find for people with deep experience and connections in that local market so for someone with no experience and no local knowledge it's going to be nearly impossible.

Could you give a short explanation how it works?

He came here to work a short term job. 

@Amy Innocenti I know it’s a 203k so you’ll be living in it, but do you plan to leave shortly after, or is this your forever home?

I am interested in doing a short term rental on it.

Long story short, don't do it.

She seems to be busy filling other properties and managing higher end short term rentals. 

While there is long term correlation, in the short term thst doesng nessecarily hold up.

Won’t I get killed with taxes at the end of the year if I make, say 100k from these properties since they’ll be treated as short term?

Which are you short on?