Cash in savings - waiting is losing money?!

[AJ Anderson]

Hi gang

I've got a chunk of cash that I'm trying to put into a MFH in the West Palm Beach area of FL. One deal fell through and no others seem to work right now for me in terms of cash flow.. I've been putting off STR due to the ease of the LTR model but would I be better off investing the money in a STR property through winter (ski area) to at least pay for itself plus gain the equity then re-evaluate in spring? Values are still skyrocketing so I estimate about $50k+ equity gain in 5-6 months.

I guess my real question is.. how long would you wait for the perfect deal as opposed to investing in something that is just ok just to get the money working for you?