My question is how do I figure how much to offer him in payments for the time period and would I just offer the balloon at the end of the term?

In terms of cash flow, it’s definitely possible in the Midwest.

Are there any restrictions/licensing requirements for Emerald Isle short term rentals at the moment that you're aware of?

Alexandra,Tampa is a great place to live and its rapidly growing in terms of population and new construction.

Now of course I have heard some of terms and lingo being thrown around by friends, family, and now the podcast, but I still wouldn't even attempt to engage in any of these forum posts due to my lack of knowledge.

I'd like to brrrr and hold long term and it don't make sense for me to do it in my market due to high cost of homes.

Buy term and invest the difference. 

Hello ~ I currently have a long term rental within minutes from me and just purchased a short term rental out of state. 

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

If you are ever wanting to build your own short-term rental, feel free to reach out.