I have picked up a curiosity and even passion for short-term rentals and hope to own my own STR property in the area of the University I am attending. 

Not if your strategy is long term buy and hold.

You can get a DSCR loan with a $55k minimum as long as the property value is at least $75k.

Then he reaches out to that company to get them to book his MTM.Would a long term rental cover your costs until travel recovers in a year or two?

As you mentioned, it's my business and I set the terms.

How long have you been an agent?

Do I even have to disclose that to them as long as I get the loan before I start school and continue to make payments on time?

What my thinking was, right now llc rent income is only $57600, however if I use the same LLC to manage other properties also then, including all the rent (short & long term) my llc rent income goes to 250000.

@Min Zhang, I did read David Greene's "Long-Distance Real Estate Investing" and am using it as my primary guide.

TIA.It may be more helpful to throw out a scenario like:Purchase Price:  500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is.