The long and short of it is that the trust would sell the props and reinvest into other income producing assets, and you could draw income from the trust during your life, and then whatever remains when you pass would go to your chosen charity (or educational institution, they reeeeealllly push this on their wealthy alums, but I like the idea of funding a worthy charity, personally).

You have to sell to earn short term profits and hold some for your long term gains.

I strongly advise that you should always have a conversation to have a mortgage professional vet you with basic information first.I could get into a great length of detail on almost everything I touched base on, but I tried my best to keep this short enough to get to the point.

I almost bought a short term rental but I decided to back out of the contract.

Keep it for a short time to keep costs down.

Hello -- I am interested in short-term renting my house for a bit at the end of this year and ran across the 15 day rule for excluding the rental income from taxes.

Here are some rough ideas I have:-What is house hacking-Renting vs investing-Two, three, or four units-Financing options-Rehabbing-Advantages of owning (tax breaks, appreciation)-Short sales/REOs?

Short answer: Yes

This is what I did, rented a townhome for about a year while I shopped around and ultimately bought a short sale at a huge discount as my primary residence and for $0 again with the VA loan. 

I've talked at length with him about buy and hold and other strategies but hadn't had storage on my short term radar.