They also have a home vacancy tax in a lot of areas which applies to short term rentals. 

.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

STR stands for short term rental

I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

Hard money loans can be an option, but they often come with high-interest rates and short repayment terms.

When I canceled it they refunded my amount since I was wishing the grace period. 

The other thing to note is that the IRS only lets you have a 401K loan balance of up to $50K over a 365 day period. 

But your colleague may have been confused about Short Term Rentals (STR).

I’m also open to exploring short-term rentals, private lending, or passive investing in funds—anything that maximizes returns while keeping risk and time commitments manageable.For context, I’d consider leaving my job if this could become a full-time venture that surpasses my current compensation (low-mid six figures).

My draw down period is ten years of interest only payments then twenty years principal plus interest after that.