We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

Is anyone running mid-term rentals in that area? 

The purpose of my post was to share some marketing methods with investors who are looking for ways to buy houses either at a discount or with favourable financing terms.

This if for NJ, do we know what timelines we are looking in terms for payments from the state ?

She said she doesn’t want to be a landlord but has listed 2/6 units for furnished long term rentals to see if she can generate more income than her current STR situation is bringing in.

We are wanting to buy a property (or 2) to start doing short term or mid term rentals. 

An exit strategy is advisable when considering an owner financed transaction with variable terms. 

@Marcel Johnson @Rick AlbertOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.  

lots of folks have summer places there and also rent them out short term. 

That makes zero sense.In terms of folks going the DIY route...