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Updated over 3 years ago,
Investing into an oceanfront single residence vacation house
I'm starting out and already collected cash and some knowledge needed for my real estate investment deal. I'm thinking about the investment into an oceanfront single residence vacation house for short-term rentals with Airbnb/VRBO to have the ability to be in the house from time to time with my family, most likely when there is no occupancy. For that reason, I want to limit the property to short-term rentals only.
With occupancy and rates provided by a local property management company in the area, I'm looking at, even with 50% occupancy the math works fine providing positive cash-flow, taking into account all the expenses (I used knowledge from the book where I learned about Bigger Pockets and this BP calculator). The math doesn't work for long-term rentals though for the same property.
After initial research, my search was severely limited by city zoning prohibiting short-term rentals in many oceanfront areas but there are still some options left.
I'm looking for opinions of skilled investors here about short-term rentals with Airbnb/VRBO. Does it worth it in the case described above?