The one thing to note is that these lenders typically have a minimum loan amount of $100K (Purchase Price + Rehab), and they will not require you to provide paystubs or tax returns.

If I was in your position I would look to air bnb or VRBO the property you purchase in San Diego this way you will have less negative cash flow than if you were to rent it out to a long term tenant. 

Tenant Base - Contractors, NNN lease structure, 2-5 years lease term

It currently is tenant occupied until October 2024 and after they move out I plan to use as a short term rental.

I'm particularly passionate about Mid-term and Long-term Rentals.Outside of real estate, I enjoy reading and going to concerts.Excited to learn and connect with you all!

Hello BiggerPockets Community,I'm a newbie landlord I've decided to offer my property as a medium-term rental (typically 1 to 6 months).

Remember real estate is generally a long term investment and plan accordingly.

Are these attractive terms for a housing market that appreciates on average 6%?

This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.

I’ve started off with buying equity in a new build that cash flows as a mid term rental.