I understand that the foreclosure process may not last that long. 

The options contracts I've done in NC (only 4 or 5, me as seller, all post-GR) set the 'contract price' and terms.

I am today years old in terms of this forum and it's already provided a wealth of super useful information.

Long term friendships with local realtors How did you finance this deal?

I suspect it will not be popular long.

Am thinking of converting a long term rental to a medium rental. 

As I get into short-term rentals, I’m curious: What should I look for when picking a location?

Everything here is a trade off and if you're interested in long term planning, it's best to ensure you fully understand how it all works before jumping in.

At this time, the types of properties that I'm interested in pursuing are primarily multi-unit rentals and short term AirBnB properties.

Well, history shows what happened both in terms of marginal tenants ultimately getting hurt (as did many landlords) and the Supreme Court ruling the Eviction Moratorium as unconstitutional.I see the whole idea of rent control, which is just another form of government invasion for political hopes, being bad for everyone.