Purchasing Vacation Home < 50 Miles Away from Primary Residence

[Matthew DiDiano]

Hello Bigger Pockets Community,

I have a unique situation on my hands wherein my family is looking to purchase a cabin for our family to use recreationally but also to utilize the property as an AIRBNB for a significant portion of the year (Rented Less than 50% of the year as the 2nd Home mortgage dictates).

The only issue is that the property is 39 miles from my primary residence (< the required 50 miles for a 2nd Home mortgage). Does anyone have any advice on funding or sources of money which might help me through this issue? Not only do I wish to avoid putting down 25% on this house as an investment property, but I want to avoid the higher taxes associated with making this an investment property.

Any guidance would be appreciated!

Matt D