I think that appreciation is on your side here in that area but wouldn’t think you’d see that back for a long time.

I attended a weekend long event where Tyler was the presenter for RE Mentor a few years ago and I can tell you that Tyler is the real deal.

The downside is potential turnover that is not as inherent with longterm. 

If you do have to sell in the short-term you might not recoup all the money you put in.

@Cynthia Gomez - we may be able to use your flip experience, depending upon the extent of your rehabs and how long ago they were.Also, credit, liquidity, land entitlements are all going to be very important.

I would try to find a short term/mid term rental friendly agent who might be able to give you super accurate feedback on the market

I took too long deciding on the contractor and getting them setup.2.

I will join.Feel free to pass the meet-up invitation on to your group.Continued success!

Many lenders offer flexible financing terms up to 85% in some instances for investment property transactions. 

Lynn, This is a tricky situation but I believe that giving up a 2.75% interest rate is challenging to give up as we may not see rates that low for a long time.