Terms: Seller financingMy question is, what is the customary and/or better strategy in this situation?

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First, you should inform your lender, as converting the property into a short-term rental can affect the terms of your mortgage and may require a change to an investment property loan.

Now it is a single-family long-term rental.

Long story short, I have 3 properties in my own personal name: Small multi-family properties (a 4 unit and detached garage bank, another 4 unit, and a 3 unit) that I had residential HELOCs on in the second position, with a fixed residential in the first position. 

Hi Everyone,I'm looking into purchasing a short term rental in South Lake Tahoe.

It is the best way to break into REI IMO.VA financing is about as good as it gets in the financing world right now; generally better terms and rates and you can take advantage of 0% down.

It doesn't take long to learn how to spot a good deal.6.

Is it possible it remove a homestead exemption and is it a good idea in the long run?

If a Cost Segregation Study had not been performed on this $60,000,000 multi-family property located in Murray, UT, it would have had first year depreciation of approximately $1,963,636.