Is there a way to qualify a short term rental to offset the mortgage like you can with a long term rental? 

It was affordable and the terms were great when purchasing How did you find this deal and how did you negotiate it?

I also have a large portfolio of long term rentals in Memphis as well in case you are interested in this market. 

"Off Market" is just a made up marketing term. 

Thank you,  Hey John,I use @Nicholas Aiola as my CPA for my Short Term Rentals and also have used @Yonah Weiss for a Cost Seg study.

For the rentals I would purchase in your personal name (to get preferential lending terms) and then transfer title to an LLC at a later date.LLCs are simple to create so you don't need to plan this too far out in advance, IMO.

Was it just a short term product construction product that you had to refi out of or was it a one time close product?

They said if can get those, they would be very flexible with any other terms for the remainder of equity.Current roadblocks:However, PITI=~4300 >LTR=~3500 and entry would be high at 15-20% so likely the best exit for this would be to buy creatively, and hold until find a wrap buyer, which I am not familiar with how to quickly find.Other two best alternatives = quick pop and top flip by finishing basement + very light cosmetic rehab/upgrade OR MTR as within 15 min drive to 2 of the biggest hospitals and Atlanta GA, and close to the famous East Lake Gold club which is part of the tour.If you are familiar with structuring hybrid deals, wraps, and/or Atlanta GA markets, please reach out.

I am a new real estate investor looking to buy my first multi-family home as a long-term rental. 

Fix n flip is a quick turnaround interest only loan for a term of 6 to 24 months  The BRRR method is used for buy, rehab, rent and repeat with a more conventional mortgage structure.