It does not show any license form for long term rentals.

Hey @Clayton Jeanette, I'd shop around, there are very widely varying terms in HELOCs since they are usually held in house by banks.

J Gerard - Is this a long-term or short-term rental?

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.

We will be looking for better lending terms and will move faster.

So my question is do I sell and take a loss of 35-40k, try to long term rent at around $2000/ month and pray for appreciation?

Or are there any key terms/phrases I can research?

I think it's a solid strategy that offers ample benefits.

Make sure to account for it while running your numbers.Keep the strategy long term in expensive market.

Even in your short term example you could owe $24k in taxes  why not buy something else at a $24k discount  especially if it’s really 10 years and $48k in taxes