One of the suggestions I've seen is to get a hard money loan because the condition of these houses don't usually qualify for traditional financing at time of purchase. 

Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route.

Typically, it gives you the ability to invest in traditional securities (stocks, bonds, CD's, ETF's, etc), within some guidelines - such as restricting you from buying leveraged securities. 

The problem is that because we don't show much profit it limits how much we can put into our traditional IRA accounts.

Funds are used 'same as cash' so it would not only make your offers on the market more competitive but you can close faster than traditional financing also. 

The details:Total of 7 beds, 4 baths divided into 3 units in Steamboat Springs, COPurchased off MLS for $695,000, 25% down.Approximate remodel & Setup Cost: $200,000Total Cost of project upfront: $373,750  Traditional Mortgage acquired.

It’s important to do this since it may be displayed more prominently and will need to be authorized on each guest’s payment method 48 hours before check-in.This is still not as strong as the VRBO system where the host can hold the deposit in full or partially and the burden of the dispute is on the tenant, just like in a traditional long term rental.

The best place to do short term, in my opinion, is where there are other short term rentals and where it is traditionally a vacation destination.

That brings me back to the original question, is Private money there for the 30 year term, or are there different expectations on repayment than a traditional mortgage lender? 

The problem is the amount of learning you'd have to do just to know what a good non-performing note looks like THEN have to go through foreclosure only to move in is way more effort than you'd have to expend to just purchase a house traditionally.