underwriting 7 unit short term airbnb building

[Brennan Vaughn]

Hi all. We came across a property that is a 7 unit apartment building and converted to Airbnb. 

When underwriting this type of property, do we underwrite it as a long term tenant at market rents for the lenders sake? How do you go about analyzing a short term rental vs a long term apartment when underwriting? Any differences? 

Any advice would be great.

[John Underwood]

Originally posted by @Luke Carl:

Sounds like a hotel? 

 Sounds like a hotel to me too.