So in short, I thought this would be a good place to start.

@Daniel FierrosThe rules for short term rentals in any market are in the spotlight because of the success of AirBNB.

For the short term we are looking to flip a house(s). 

Of course, turnkey is not meant to be short term, so the rapid exit strategy is hypothetical.

My goal is to gain another form of income, both short and long term. 

I will tell you that I have learned far more with this company than any typical real estate gig or seminar will give you in a short amount of time.

Hi Brett,I read your book of Simple wholesaling. it was a good short and sweet description. thanks for your honest inputs and tips for the new Investors.Are you familiar with the market in MA by any chance?

I am interested in buying properties and maybe renting them out short term then selling and buying more properties or higher end homes.

She also told me that the only transaction that could transpire before auction would have to go through the previous owner in the form of a short sale or a bank pay off.

well assuming it meets the QM rules for owner occ.. etc.the scenario you presented is not a very attractive note unless the discount was HUGEPV is what investor look at.... what rate of return they want and in notes its usually 8 to 12% APR but with 100% leverage most investors will only pay on face value about 60 to 70% LTV ... so right off the top you would be taking a substantial hair cut.No secret what your trying to do.. but I surmise you will very quickly realize its not realistic .. the discount would be such that it makes it a no go.If your thinking someone will lock up their money for 10 years at 5% well thats not going to happen especially at 100% LTV...