The main motivation for me getting into wholesaling was the fact that I need capital to get into long-term rentals.

It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?

If you're the type of investor to leave lucrative vacation rental investment to luck, then this post is not for you..It is intended for those that are looking for a fool proof strategy and tips to finding, assessing and buying an STR in the mid to near term. 1.

In NC LLCs, we use the term "Interest Owner" which can be represented by a membership interest or an "economic interest."

Current lease term (expiration date, month-to-month)7.

The type of business engagement and the level of interest in the counterparty or its assets influence the goals of a due diligence inquiry.For instance, a cordial agreement between a potential buyer and an experienced seller could provide the groundwork for a long-term alliance, whereas a hostile asset sale during bankruptcy would call for a different strategy.

@Kristen L GarnerWould it be possible to get a personal loan to purchase a short term rental?

Or can swap all outlets to GFI and save the mapping time/effort.  

the short term debt is used differently from the long term debt . there are ways you're able to make annually or bi weekly etc to move you through the amortization schedule

His long term tenant recently moved out and is about to rent it to his adult son, who will be paying him enough to cover the monthly expenses.