I would also never buy a short term rental in an HOA - it's just one more entity that can tell you what you can or cannot do. 

Essentially gamifying the learning of real estate jargon, terms, laws, etc!

Featuring stylish, modern furnishings and vibrant, fun amenities, this home is perfect for a variety of short-term rental visitors.

I currently manage a long term rental and working on a single family home fixer (will probably convert to rental in the future) in Cali.

Commercial Loan How did you add value to the deal?

It's now converted into a cash-flow positive long-term rental.

First time reading this term. 

It can be a positive for short term rentals (if in a good area) to be near the airport.

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

Quote from @Jaikevis Reams: In order to put a property under contract I need to provide proof of funds I know that I can get that from a hard money lender but I don’t meet there criteria for a loan approval what should I do?