First Deal - Accidental STR??

[Brandon Allenczy]

This is it guys! I've been studying, analyzing deals, reading books, and learning all that I can. Now it's time to take action and pursue my wife and I's dream of financial freedom. 

We've decided to leave our place in Wilmington, NC and purchase a house hack in Asheville, NC. With little reserves at the time, we're going to move to a cheap apartment in Asheville, live frugally, and build up a down payment for a first house hack. This plan left us with the question: "What do we do with our current house?". We don't have enough money to fix every little thing to sell it, and the numbers don't work for a long-term tenant. 

So, my wife came to me with a great idea: Airbnb. Looking at the numbers, a STR should work SUPER well in our area (being 3 minutes from the airport, 5 minutes from downtown, and on a quiet country road). We could then use the cash flow to snowball into capital towards our first duplex.

The long term goal is to purchase a new multi-family property each year (or so), and house hack each one along the way. We'll then use the cash flow from each one to snowball into a bigger multifamily purchase. Sure, it requires a lot of moving, but good thing one of our dreams is to live on the road. This way we'll be living for free, accumulating buy and hold properties, and getting to see different parts of the country along the way. 

So thanks @BiggerPockets and all of the community for giving me the knowledge and courage to start making moves!