We are taking over after the demo stage and because the house is gutted and not "habitable" and no bank will finance it -- the seller has offered a short term land contract with a balloon at 60 days.The issue is, now all the typical banks we would use are telling us we cannot refi a land contract that is under 12 months.

Quick Take: State of the EconomyIn short.

Short term rentals can be profitable, but they usually need more upfront reserves for furnishing, licensing, and variable expenses.

I'm looking for guidance on the following options - 1) cash-out refinance my house hack duplex so I can buy another soon, or 2) just do a rate and term refinance, then keep saving and wait to buy another.

I’ve found that combining appreciation potential with steady rental income creates a strong long-term balance.

Short-term rentals can be treated differently from long-term rentals, which affects how deductions, depreciation, and losses apply.

Quote from @Tyler Ingram:Does anyone have a CPA they recommend that is familiar with maximizing tax advantages on short term rentals? 

Likely better to use short-terms to complete the renovations and then get it ready for a tenant. 

My primary strategy is long-term rentals, though I am open to testing short-term rental potential with one unit if the right property allows.I’m interested in off-market opportunities or deals that are below market value, ideally with minimal rehab (cosmetic updates are fine).

I help homebuyers and investors structure financing that supports both their short-term goals and long-term wealth building.Outside of lending, I’m also an active real estate investor myself.