Short Term Rentals and Lenders
One of my goals for the next 365 days is to acquire two properties that I will do short-term rentals on (AirBnB and the like) and I plan to purchase them through PMLs and/or HMLs.
Do PMLs and/or HMLs usually have any stipulations on how the property is being used while there is a loan on the property - whether the tenant has to be short-term or long-term?
I ask because I'm planning out my objectives for the next few years and want to make sure I'm getting this right.
Thanks in advance.