LTR or STR as we move

[Brad Hunton]

We are currently in the process of moving out of our house into another (reaping some REI benefits) and I would like everyone's opinion on what to do with our current primary.

As a LTR we would be netting around $600 per month and as a STR we would be netting around $1,500 during probably 8 months (lake house) and close to break even or making a couple hundred a month the other four. Is the extra money and work during busy season worth the initial set up and cost? My estimations are it would take us 2 years to recoup the costs from set up if the market stays the same.

As far as I can tell there is not a big market for MTR where we are. The couple I have seen are not being rented out regularly anyway.

I have a good W2 I enjoy and all 16 of my rentals are just a retirement plan for now.