Meanwhile, not only is my money tied up earning no cash flow, but I’m also paying property taxes.  

All great points.I’m leaning more towards #2 as my upfront capital invested for repairs is much less, I’m still cash flowing positive about the same monthly, and the property will already be rented satisfying that requirement for the loan.

Here's why:Advantages:Predictable Cash Flow: Tenants are responsible for most of the expenses, including property taxes, insurance, and maintenance.

Share the code and write a tool that helps calculate cash flow accurately? 

However I paid cash for both so had a little more room for error.I would say that the biggest 'pain point' in this business is this: If you want to make top dollar on an average place, you need to self-manage, clean yourself, and do your own repairs.

I need to figure out a clean and clear way to secure the private money to something, so they have the confidence and security they are looking for in lending. 

I've done the loans for a handful of Phoenix STRs that didn't have pools and their 12 month reports still had great cash flows!

To leverage this benefit, prospective property owners must engage in short-term rentals and provide substantial services to guests, such as daily cleaning, meal provisions, or transportation services.Additionally, navigating a material participation test becomes crucial.

Hi Jaryn,I heard the Mid-Term rentals can create more Wealth and especially Travel nurses would keep the house clean and be responsible.

You have to put all this cash out and then wait to fill the spaces they don't fill over night and so you severely negative cash flow for the lease up which can take years depending on the amount of spaces..