I feel it depends on your current situation or project, if you're seeking a loan for fix and flip then it should be short term while Brrrr is for a longer terms due to renting , I try to balance the two with the help of a PL 

In the process of converting a working line of credit balance to a fixed loan against an existing property.  

A lot of investors chasing 6–8% CoC on stabilized assets also look just a little outside those pockets too, in areas like Westerville, Hilliard, Worthington, Clintonville, and parts of Upper Arlington for more balanced returns, and job growth and development from Intel, Amazon, Google, Honda, etc. is driving demand all around the city.

If you’re open to other locations, the Midwest offers markets where the economics for mid‑term rentals are more favorable: lower purchase prices, steadier rent premiums for furnished/short‑term setups, and less competition.

This one is a newer build townhome in an A-class Bluffdale neighborhood — great location, newer construction, and easy to manage long term.Property OverviewProperty Type: Townhome – newer build, A-class neighborhoodPurchase Price: $480,000 (market value)Down Payment: $70,000Underlying Loan Balance: about $410,000Interest Rate: 2.375% fixed through December 2051Loan Start: December 2021Monthly P&I: $1,755Taxes/Insurance (Escrow): $470Total PITI: $2,225 per monthRented: $2,495 per monthServiced through Escrow SpecialistsProtection: Recorded Notice of Interest on titleWhy I Bought ItThis isn’t a big cash-flow play — it likely breaks even after reserves — but the rate was too good to pass up.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

If it does not meet freddie or fannie many banks nowadays have seen they do not want it on their balance sheet

If someone is NOT using their balance sheet, it is very very very rare they have "special" terms because they are selling one of the products from the institution.

Rather than overextend and risk a misstep on a scale that could set me back years, I intentionally seek experienced partners or mentors who already possess the track record, relationships, and infrastructure for 50–200+ unit assets.By bringing them into the deal as co-GP or capital partners, I gain immediate access to their expertise and balance sheet while still retaining meaningful equity and full transparency into the process.

A well-balanced approach would be to flip, along with buy and holds.