The goal is to use this property as a rental property though.

I own couple of single home rentals in Tampa Florida and have always wanted to transition from long term to short term rentals.

Are they young, old, C/D rentals.

If you already have 15 rentals I’d obviously take a $200k cashout refi on one of them and use that for the purchase.

San Antonio has been one of the cities with the largest increase in short-term rentals in recent years.

You can either make your new lease expire at the same time as their old lease - so you can modify your rental rate then; or you can bake a new rental rate into your lease at the time their old lease would have expired - so something like "Through X date your rental rate is the old rate, and beginning the next month your new lease rate is X $ more.All the best!

I'm an out of state investor looking to get into the Johnstown buy & hold rental market.

Details below:-This would be our primary residence, not an investment property (but it does have optionality via an ADU setup)-The seller is interested in selling and relocating out of state in 2 years when they retire-We have a primary home (that has been a cashflowing rental) in the same town.

Purchase price: $472,500 It is currently operating as a short-term rental.

RV parks, mobile home parks, house hack rentals and such are the way we are headed.