Renting "Vacation home" vs Investment property

[Wade Roberts]

Does anyone have any experience in getting a loan for a vacation home and renting it out vs getting the loan on a property strictly as an investment property?

I know some bank will allow 10% down for a vacation home if you meet certain requirements but it cannot be managed by a property management company and you have to occupy it yourself for a portion of the year. 

Does this mean it cannot be listed on Airbnb? Or could it be listed and you just do repairs, maintenance, etc. yourself??

Thank you!

[John Underwood]

Bought a 2nd home with a 10% down loan and then later turned it into a STR.

The big thing people seem to try and do wrong is get a 10% down 2nd home loan and think they can use future rents to try and qualify for the loan. 

If you get a 2nd Home loan at 10% down and use the property some.  Say 14 days or so and rent it out the rest of the time you should be fine. 

Just talk to the lender and don't try and hide your intentions and you will be fine.