From there you'd essentially be sub-leasing to your subsequent borrower hence the "sandwich" with you in the middle.Can it work? 

And the first year for new short term rental owner can be considerably worse than subsequent years for several reasons.

Hi @Johnny Lau, I went down a similar path to you whereby I built up a portfolio of SFH’s and subsequently moved to multifamily syndication, firstly as a LP and subsequently as a GP.I think that the SFH’s are a great way to get started and to see the power of real estate as a means by which to generate wealth via cash flow, equity upside and tax benefits.

I wanted to make an all cash offer to get a favorable price, and then have my daughter subsequently refi the home. 

I'm only replying now so that subsequent readers of this forum do not have false information.I have direct, personal experience that directly contradicts your opinion on this matterAs I shared several posts earlier, I experinced a "break" in the chain of title on a particular deal.

There is not a problem with deposits being refunded in our state and if it occurs the former tenant has a clear path for recovery of triple damages through small claims court and subsequent lien as it would be non exempt property  

Opinions and experiences with this is much appreciated.The subsequent rentals would be under my LLC also.

See subsequent items.There is turn over risk raising rents.There is costs in unit turn over.There is risk in getting new tenants.There is effort involved in raising rent and turning over a unit.Why should the current owner weep the benefits of the effort and risk associated with raising rent? 

Portfolio money for a property like this will more than likely be hard money for the acquisition and subsequent renovation and that money is ONLY for investor loans. 

At 12:50pm that Thursday, my neck was broken at C4-C5 by the instructor and was subsequently paralyzed from the neck down.