Quote from @Jason Malabute: This isn’t financial or legal advice, but something to keep in mind is that bankruptcy will have a long-term effect on you.

Our thoughts was to find someone that would want to rent the condo for 4-6 months in winter months and then Short Term during Spring/Summer months.

I’m more on the build long term net worth side of the equation until one gets to 60 or 70 years old. 

Quote from @Andrew Mullikin: Anyone have a good YouTube link for analyzing long term rental deals for beginners?

If they dont pay and refuse to leave at "end of term", you'd still have to go through eviction like you would in year-long lease for non-payment.

That’s a solid move — taking a property most would overlook and turning it into both a profitable and purpose-driven asset.We’ve been doing something similar through our Home Asset Conversion model, helping property owners reposition underperforming real estate into veteran and senior shared housing — with long-term leases, stable cash flow, and huge community impact.Sober living, senior living, and veteran housing all share that sweet spot: high demand, low supply, and mission-based investing that still hits strong numbers.Curious — did you self-fund the rehab or structure it with a partner/investor model?

Better that you’re starting with small multifamily and aiming to build a long-term rental portfolio.

Which strategies have proven most effective for beginners?

Quote from @Ziv Erez: @Gloria N GearThat was very informative.What's your take on the mid-term rental market in Indianapolis?

My intention is to restore distressed homes in Detroit neighborhoods and add them to my portfolio for the long-term.