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.

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

There's a real estate group called The Short Term Shop that has realtors in the Emerald Coast market and they focus 100% on STRs, so very knowledgeable.

.: Quote from @Miguel Alvarez: I’ve got a 2-unit in San Diego that’s bleeding cash:$10K/month all-in expenses (mortgage + MI + other costs)$7.5K/month in rent incomeLocked at 5.5% interestCan’t raise rents for another year, and local rents are trending downEven with future rent bumps, I’m years away from breaking even.Possible moves I’ve thought about: - Short-term rentals- Expanding the units (lot space available), or adding a second story (to create more units). 

@Samuel Coronado @Vidhi Amin @Dayne AllenDSCR (long term and short term) is available for a Manufactured home.

In many areas I've seen, this will allow me to be clear of STR ordinances and restrictions while also fetching a higher monthly gross than the long term rental market.If you have any suggestions on decent cashflow-positive areas to look at (anywhere in the US), please let me know.

If they have been a long term tenant and paid on time, work with them. 

Short-term rental or standard rental ( roommate or renting out a unit in a duplex).

- Any lessons from moving from short-term profit (flips) to long-term holds with DSCR?

Ideally you can still list this property as a medium term rental or a long term rental but it will Not be considered a short term rental for tax purposes.