Loan to buy an Air Bnb ? help!

[Cheryl Alarcon]

Hello. Looking for some help. I found a condo I want to buy and use as my first air bnb property, but my realtor says I have to pay cash. Is this true? I have the cash, but I'd like to hold on to some of it for other investments. I was hoping to only put 20 -30% down on a conventional. How did you all fund your first air bnb?

My realtor said because this condo is considered a vacation home and not an investment or primary residence, that the government will not fund the loan. 

Thank you all in advance