Air bnb vs a Long Term Tenant for First Investment Property.

[Nicholas Brosnan]

Good evening everyone! I have been looking into purchasing my first investment property and one of the many decisions I have to make is going for a single family home to rent out monthly or go for an Air bnb. Air bnb seems appealing because it could be used as a part time vacation home to use when it is not occupied. The returns could potentially be greater with an air bnb but I feel it is also more risky because it is not a monthly rent payment. Where as with a single family home would be a steady rent payment with some cashflow. The type of rental I choose will make a huge difference on the type of property (house, condo, apartment) and the location I end up going with. Curious if anyone has any thoughts or can help thank you in advance!

Nick