Prepayment penalties- usually 1-5 year terms.

If you get caught doing a STR in areas they are not allowed, you will most likely get a warning at first, and then they can fine you if you keep renting out short term. 

It requires the borrower has significant experience and is very costly (in terms of rates/origination)It's generally really risky to do 100% financing especially if you are inexperienced.

You can also hold the security deposit for those repairs (if you've stated those terms in your lease agreement).The short of the long here is that they're in violation of the lease and you are able to take action.

This might affect your equity position and future refinancing options.Subject To Financing: Taking over the existing $325k mortgage is a common strategy, but make sure to thoroughly review the terms of the existing mortgage.

Yes & no - I see what your perspective is in terms of doing due diligence, but its up to the current owner to allow you to do that. 

You will get almost always get better terms using conventional financing. 

Hi,I run a short-to-mid-term rental business.

@John Michael RobersonI agree with @Kory Reynolds: tax-wise, it is a workable plan, as long as you are hands-off, which in technical terms is known as failing material participation.I would caution however against focusing strictly on taxes.

Would you be targeting regular long term tenants, section 8 tenants, or possibly STR?