The short answer is no. 

@Steven MorrisYou should be careful about getting short term loans because they will change your Debt to income ratio and then you may not qualify for the actual purchase money loan to buy the property.

Airbnb or STR (short term rentals).   

No one in the community wants to vote for that rule because they want the flexibility to rent out the unit in case anything happens.Condo's are usually against short-term rental/Airbnb's but otherwise I don't think anyone will have any issue with a year long tenant especially when they don't have a rule defined against it in the association laws.Just be mindful of your neighbors and extra cautious when you screen your tenants, which you should do anyways.

Too bad he bid so high as we could have made an agreement for a short payoff since we bought this note for a fraction of the UPB.

Too bad he bid so high as we could have made an agreement for a short payoff since we bought this note for a fraction of the UPB.  

My attorney is at a loss of words with the way I have been treated during this deal, apparently I got the short end of the stick because another asset manager failed to sell this property, and two other deals fell through, so I got the brunt of the anger.

@Alpesh Parmar @Henri Meli @Shawn WardWhole sellers in my area are in short supply and the ones that say are local are selling properties on the other side of the state if not out of state. 

When fed borrowing rates go up more short term loans are affected.

Another alternative would be a short sale.The actual sale at auction IS "the foreclosure".