Are these loan terms competitive?

Fannie/Freddie have more restrictions in terms of experience and net worth to qualify.

Sometimes, having a reliable tenant stick around long-term is more valuable than pushing for an extra $100 a month.

The private investors form an LLC and get standard loan terms in a promissory note without equity or profit sharing. 

Purchase price: $199,900 My first real estate purchase, which I converted into a short-term rental, I rented for half the year when I was away.

Zero cash flow translates to negative cash flow in the short term because you have to maintain it.  

I ask because you can turn this property into a short-term rental on platforms such as Airbnb/ VRBO.

Short of spending several years building experience with smaller deals, what would the folks on this board recommend?

You can also usually get a conventional loan with more favorable terms if you are living in the unit for at least a year. 

I’ve been thinking going the second home/ mid term/ str route. another thought I have is venture further into a rental property but I know with rates, finding a deal that would cash flow would be tough.