That may change and I say be prepared to convert your unit back to either regular rental or maybe a longer term furnished executive rental if need be down the road.

My goal is to use seller financing or some other creative financing to control the property, then a balloon payment in 3-5 years.

But don't get too complex and prepare for 100 units when you have one rental...

You're building a business so it'll take some time to really take off but now is the time to get your systems in place so when it does you'll be better prepared. 

I'm sure that there are other creative ways to take title also.

Remember too that the state exam is administered by AMP, and they have review questions (for an additional fee) which may help you prepare for that exam.Hope that helps!

If you continue with this option I encourage you to use an attorney experienced in creative financing and ensure that the proper documents are file with the Court in order to protect yourself and to "cloud" the title.  

Plus you can get a little creative with it also.

I just want you to be sure you are fully prepared so that you don't end up regretting your choice.  

I believe it is a tight for deals to flip on the MLS right now and more creative methods are working better.