Buying a short term rental is a greater risk than traditional rental.

Sometimes it’s rented to college students other times it’s rented as a regular rental.A couple of thoughts; if school doesn’t open in the fall other than elearning can you rent it somewhat as a traditional rental.  

Just looking for the option that might cost the least to transfer.Options as I see them (Traditional purchase with mortgage, Owner finance, Purchase the LLC from them leave deed in llc name) Any advice would be appreciated. 

Traditional bank How did you add value to the deal?

On most traditional owner-occupant loans it's going to cap out at 3% of the purchase price (this can vary based on your loan type though).

I'm scouring the internet, youtube, talking to friends but I figured I'd throw up a post too and see if anyone would be willing to walk a young hustler first timer through the process.Ideas I've lightly thought about, but I'm not sure if these are possible/legal:-Take traditional mortgage for 90k, do a personal note for the remainder -Take full personal secured note for the purchase price, and pay the 90k mortgage myself-Pay off her mortgage, take ownership, then put a bank mortgage on it and pull my cash back out, and then write a note for the remainderThanks BP!

If you moved out of the unit, do the numbers work as a traditional rental?

Originally posted by @Joseph Gozlan:They will usually use one of two:1) Annualized T3 or T6 (sometime T4 or other combination)2) Trailing Twelve Months of P&L 1 is definitely more risky, while banks may do it to get a deal, it shouldn't be assumed.2 is more traditional and conservative.

In short, borrowed down payments don’t work with conventional/traditional mortgages.

I'm not sure there are a ton of new ideas out there but most of the traditional marketing and lead generation techniques are still working during the pandemic.