I know it isn't possible in all areas, and depends on how long a person is in the area, but long term, renting is not a good idea. 

Salt Lake (also Zions) Navy Federal 80% LTV LONG draw period of 20 years, and 20 year repaymentNevada State Bank, in first positionNorway Savings Bank, MaineOmaha MortgageOne Nevada Credit UnionOregonians CU - ORPenFed - StoppedPeoples Bank of NCPioneer Bank, MNPNC Bank on primary and secondary (2nd homes) must be in personal name and 50% DTI is required.PSECU up to 80% Quorum Federal Credit Union 80% LTV, owned by LLC is OK.

I use different criteria and a different lease for these month to month furnished stays than long term tenants.

For me things have been well I purchased my first long term rental a year ago and house hacked it with AirBnb over the year.

I have a long term rental (SFR) which I converted to an Airbnb in October 2019.  

Where I live it is about 30 days.  30 months is a long time to go without rent....and if 30 months is average, then that means some might be 40 months. 

To be clear, I’m not against financing, but since I don’t know too much about what I’m doing I feel like it’d be easier to own a property outright and get some experience with landlording to determine how much financing I’d be comfortable with after maybe a year’s worth of rental income.Hey as long as you’re comfortable with it and potential outcomes, then it’s time to proceed with at least looking a bit more closely at specific buildings.

Once the money is in escrow, everything relaxes because the money is there to pay off the seller and no one cares where it came from as long as it's there.

Stay de­termined, calm, and focused on long-te­rm goals for wealth and freedom.Good luck!

Hi All,Long time lurker here.