I understand what you are saying in terms of having to pay the extra 650 $ a month.

To make a long story short, I'm over $300K over the loan amount.

Rentometer has avg rents at only $1067/mo so I'm also not sure about paying that much for such little rent for a long-term hold perspective when from what little research I've done you can get more elsewhere for the same buy price - maybe someone looking to park money for tax purposes or an all-cash deal hoping for a big upside? 

@Jaycee Greene I’ve contacted big banks small local banks and I haven’t quite tried credit unions although I have 2 credit unions for which I have accounts (but my experience is that they aren’t offering that much better terms).

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

In short, I want to learn about how to draft my strategy for my region for value ad investments and find team members that I can trust and depend on. 

Wondering if anyone has experience doing this, and if so, what do the deal terms look like for investors?

Keep in mind not a lot of people are willing to do the shorter term rental so everything is negotiable and they will pay a premium. 

.: Hey folks,Craigslist used to be my go-to spot to list long term rentals. 

Those same updates were short on information related to the equity conversion except that they were working on it.