You can also usually get a conventional loan with more favorable terms if you are living in the unit for at least a year. 

I’ve been thinking going the second home/ mid term/ str route. another thought I have is venture further into a rental property but I know with rates, finding a deal that would cash flow would be tough. 

But the 2 of 5 rule for excluding up to $500,000 in taxable gains might (we don't know how long you have owned it.)We also don't know your equity position in the property, or how much you are thinking to taking out of it.  

The one aspect, that I love because I manage so many properties across three markets, Tenant Turner takes all my rental calls, qualifies them, then they set the appt as long as they pass my questionsSaves me tons of time and money 

I will say to forget your idea that you're going to build 10M in real estate just like that - it's a long term game and you have to be okay with a 10-year plan.

I'm  Bethany from New Jersey, just learning and breaking into real estate investing and hopeful to purchase my first short term rental property within the next 6 months.   

so it needs to be for something short term. 

Oh, and the rogue syndicator who took advantage of us all was a darling of theirs (LU's) only a year before he "broke bad", and had subscribers from some of the long-time, experienced passive investors in the group, including a mentor or two and the executive vice president, herself! 

how long do things sit on the rental market?

Many lenders offer DSCR products on 30 year fixed terms.