Based on my calculations, this would lead to cashflows around $700 per month.I am now looking more into FHA loans and wondering if that would be a better idea since I can only use this on my first property.

Selina Bliss's proposal to limit short-term rentals in the Regulatory Affairs subcommittee this week, meaning it has no chance of advancing to Gov.

Philadelphia passed legilslation last year that severely limits the type of operations you are describing.

Plumber goes out and says its stuffed with wipes, tampons, plastic bottles, condoms, toys.... you get the idea.

If the properties in your area can cash flow at 3.5% FHA, by all means this is not a bad idea.

A lot of times, these types of lifestyle choices will start limiting you down very quickly to specific areas, and since you are going to be living in the property, are likely to have a heavy weight on the neighborhoods.  

I want to have an idea of how healthy this company is to see if I should invest $100k in their real estate fund.

Sounds like a good idea.

Then, once you figure out a plan with your lender, it's up to you to convince your basketball team of a family to follow your hair-brained idea.

I planted the idea of a rehab loan or heloc to help him with the repairs.