•Set Repayment Term: Comes with a defined repayment period, usually shorter than a mortgage, leading to quicker payoff but potentially higher monthly payments.

IRS rules stipulate there may be no direct or indirect transactions, benefit, or extension of credit between an IRA and a disqualified person.An example of a potential pitfall would be if the parent-in-law were to pass, and the spouse now inherits their estate - and thereby an interest in the loan to the IRA.If the willingness to lend or the terms of the note are well outside standard lending parameters, that could be viewed as a potential benefit.So, possible? 

Yes, you can potentially 3x and 4x the long term rents on certain types of midterm properties but it is by far not the norm.

Airbb seems to be ridiculous with many scamming to get refunds, the platforms take a big chunk of profits, renting to people you know will cut down on the likelihood of home being trashed.

However, innovative strategies like seller financing or allowing a mortgage assumption could potentially offset this loss.

Beyond preparing your taxes, they can provide insightful advice on optimizing your financial structure, identifying potential deductions, and strategizing for future investments.

Recently, I've been drawn to exploring short-term rental investment opportunities in upper-state New York, particularly in Binghamton, NY.Admittedly, my knowledge about Binghamton is limited, but I've heard wonderful things about its potential for real estate investment.

The reason I am interested is I lived in this area and it still has a lot of potential for growth and felt it will yield good returns in next two years if sell the property.

Otherwise I think LTR's are ALWAYS a great strategy if you're into it for the long term equity potential.

@Tim Swierczek can elaborate, on the reasons for this and could potentially give you guidance on how to solve your problem.