Is it foolish to get into STR's with a looming recession?

[Kaylyn Geiger]

Hey all you smart investors out there. My boyfriend and I have been looking into long term vs. short term rentals for the last year now and have recently started to lean towards short term. We currently house hack the duplex we live in but don't have any other investment properties. We've recently come across a few good potential STR's location-wise but are hesitant with all the talk of a recession. Obviously STR's are tailored towards people who likely have some extra money to vacation in the first place. Would it be foolish to get into STR's now especially as new investors without a big portfolio to fall back on?

Tell me whatcha think! :)

[Robin Simon]

I wouldn't shy away from getting started with STR, but would pick a property thats not in a pure-play vacation/tertiary market so that the property could be easily converted into a long-term rental if the STR doesn't work out