As someone who has specialized in short sales for 18 years, having closed hundreds with every lender and investor and situation possible, I can assure you you're not going to be able to get a short sale done on a loan that's not in your name.

Hi there,I'm a rookie investor trying to understand the risk/reward characteristics of long term v short term rentals.I have a hypothesis that the latter would be better for cash flow, but am unsure about that idea in this particular market.Those who are well versed, can you share your insight?

Purchase price: $250,000 Cash invested: $70,000 Short term rental/vacation property  Are you looking for deal analysis/advice?

Are you planning on holding this long term?

The lease that I use (and would guess most boilerplates) have a clause about the lease ends in the event of a long term unoccupiable event (fire, for example.)

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.

Here are a few ways I use them for long-term rentals:Tenant Communication: handling inbound calls, screening applications, scheduling showings, and following up.Property Management Support: coordinating with contractors, managing maintenance logs, and tracking work orders.Back-Office Work: bookkeeping, updating QuickBooks, rent collection records, and reporting.Marketing & Listings: creating property listings, posting on rental sites, and monitoring inquiries.The biggest success comes from training them on your exact systems, not expecting them to build it for you.

Dell Technologies Inc. is planning a $25 million expansion over the next five years at its Round Rock headquarters.That was disclosed by Round Rock Chamber officials during an Aug. 28 meeting as the Round Rock City Council unanimously voted to approve nominating Dell (Nasdaq: DELL) at its HQ at 1 Dell Way as a qualified enterprise project as part of the Texas Enterprise Zone Program.Dell is planning $25 million in real property and business personal property improvements at the site over the next five years, consisting of expansion, new construction and renovation.

Have you noticed any challenges on the management side compared to traditional long term rentals in your market? 

Any recent data on short sales?