Parents neighbor is willing to do some seller financing if I can get a hard money loan for a good amount of the purchase price.

I own an investment property that I use as a short term rental, it’s been successful!

They should be mutual indemnification clauses.Here is typical language we propose and 90% of the time it is agreed upon, as it is short, sweet to the point and protects both parties: (note I am not an attorney and recommend you always have an attorney review any items in an agreement)Owner hereby agrees to indemnify and defend and hold Manager harmless from, and to defend Manager against, any and all claims, charges, debts, demands and lawsuits initiated against Manager in his capacity as Manager.

Those are motivated sellers.

We have 5 SFH subto and 70 units multifamily on seller finance.

I am not referring to a property manager, strictly one that manages short-term rentals, not necessarily the whole building.

If you want to limit your risk, use lower leverage and put more down.If you have a short-term loan (ex. purchase & rehab loan), you need to refinance anyways so you would refinance at the higher value.

Why its so important because the appraisal better come back with at least 20-25% equity left over so you can pull the money you used to purchase it and do the repairs.That said, you can use cash, get ahold of a hard money lender ( most expensive option), or get seller financing.  

The job has to be permitted and inspected by the city/county inspector, so the short answer is "YES." 

Hello tax experts, I have specific question on filing taxes for Short term rental property (30 days or less).