Purchase price: $473,000 Cash invested: $28,000 My wife and I purchased this as a primary residence and then converted it into a mid-term rental 1 year later.

How about renting out a house to someone else with a long term lease. 

In addition, Houfy is a direct booking website that mimics the look and feel of Airbnb in terms of user experience.

I understand they sign a long-term master lease with a landlord, furnish the place then rent it out for more money.

I’m fine with this, for now, as a long-term investor.I don’t believe our current situation would enable us to qualify as Real Estate Professionals, which would result in massive deductions.

So I look forward to finding out for myself, and I am HOPING I found something with long term positive results because over the past couple years I have been trying to find "that right investment".

STR - If it needs a full gut, and it's in a great location for long term STR success

Purchase price: $250,000 Cash invested: $2,500My wife and I invested in our first short term property in Lake Junaluska, NC.

@Art Maydan If they are asking those questions now they are looking for leverage which they will do throughout the lease term. 

One caveat - she has a full-time job so not sure what her availability is in terms of taking on outside work.